02.08.24 Rx Savings: The Quest Continues / To Employers: Enlightened Self-Interest
Feb 8, 2024
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Walmart's innovative employee reward system is discussed, promoting a sense of ownership within the company. The high cost of prescription drugs in the U.S. and alternative options for saving money, such as importing drugs from Canada, are explored. Money transfer services and credit unions for home equity loans are discussed. Tips on handling upside-down auto loans and treating employees well in business are provided. The transformation of Walmart's business model and improved treatment of workers are discussed.
The podcast emphasizes the need to address the high costs of prescription drugs in the US and explores the potential benefits of importing drugs from Canada to reduce prices.
The episode highlights the importance of treating employees well, offering benefits and incentives, and fostering a sense of ownership in order to increase loyalty and productivity in the workplace.
Deep dives
The Impact of Expensive Prescription Drugs on Americans
The podcast episode discusses the high costs of prescription drugs in the United States compared to other countries. It highlights how Americans often cross the Canadian border to purchase cheaper medications and the controversy surrounding Florida's decision to import drugs from Canada. The episode argues for the elimination of price fixing in the global market and emphasizes the need to lower drug prices domestically.
Improving Compensation for Mental Health Counselors
The podcast acknowledges the overworked and underpaid nature of mental health counseling jobs, which leads to a shortage of providers in the industry. It recognizes the importance of mental health services and the need for fair compensation for counselors. The episode highlights the challenges faced by new graduates and suggests that private practice may offer better prospects in the long run.
Promoting Employee Ownership and Fair Treatment
The podcast highlights the positive transformation of Walmart in terms of improving treatment and compensation for its workers. It emphasizes the importance of treating employees well, providing benefits, and rewarding their efforts, resulting in increased loyalty and productivity. The episode advocates for businesses to empower and engage their employees, promoting a sense of ownership and fostering a better working environment.
U.S. consumers pay more for prescription drugs than anywhere else on the planet, especially for vital brand medications that are not yet sold as generics. Clark explains this price disparity, reports on Florida’s move to import from Canada, and shares how you can save on meds today. Also - How Walmart is giving its workers a stake in the game and why that is good for business.