LITTLE ROCK, Ark. (AP) — Wal-Mart Stores Inc. said Thursday it will add its Arkansas employees to a state effort aimed at lowering health care costs by changing the way private insurers and Medicaid pay for services, and it committed $670,000 to create a tracking system that would measure the initiative's success.
The world's largest retailer announced that it would participate in the state's payment improvement initiative, which moves away from a fee-for-service model to one where insurers pay for "episodes" of care rather than each individual treatment.
The Bentonville-based retailer said its 57,000 employees in the state will participate. Besides paying for the tracking program, the company also will help distribute information about the payments reforms and will serve on an employer advisory council for the state.
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