Wade Miquelon, Walgreens CFO: Heath Care Reform "Good For Us"

Want more proof that Walgreens and American Business is on board with President Obama's Heath Care Reform initiative? Look back to comments made by Walgreens CFO Wade Miquelon (photo at left) in the online version of CFO, the magazine for chief financial officers, and to Kate Sullivan, the author of an article entitled "All Eyes On Reform."

In the article, Miquelon said

"The U.S. health-care system, for whatever reason, is horribly inefficient. We're on board with the fact that reform of some type has to happen. The current system is not sustainable."

It's support like this, by the same large American businesses the GOP claims to favor, that calls into question Republican threats to repeal Obama's Heath Care Reform initiatives, which passed Congress during the last summer of 2010.

Walgreens estimates The Heath Care Reform initiative will bring 32 million new consumers of health care services into an already crowed market. At it's last Walgreens Analysts Meeting, Walgreens execs officially revealed that the firm's business model now is to become a health care provider, of sorts.

Walgreens operates Heath Care clinics at more than 700 locations nationwide, and Miquelon saw no need then to oppose Heath Care Reform; it's too good for their bottom line. "If more people are covered under some government umbrella, that is probably good for us," the Walgreens CFO said to CFO Magazine, "although there are likely to be (pressures to keep costs down."

Walgreens Joined By Walmart

While Walgreens and their CFO Wade Miquelon, and CEO and line executives are fully behind Obama's Heath Care reform plan, Walgreens isn't the only company that's openly supported the need for reform. Enter Walmart.

In Sullivans' article, Walmart is recorded as having taken a "high stakes" role in support of Health Care Reform. To that end, it helped establish a coalition of American Business firms called Better Health Care Together.

According to the website of Better Health Care Together, the The Patient Protection and Affordable Care Act, what we call Heath Care Reform, lays out "a set of key principles for health care reform to which we remained committed through the entire health reform debate."

Walmart joined with AT&T, General Mills, Kelly Services, Qwest Communications, and Intel, as well as the Service Employees International Union and the Center for American Progress, in forming Better Health Care Together.

Why Is This Not Reported?

With all of this support for Health Care Reform from American Business, why are media outlets like CNN and Fox News not reporting this? CNN and Fox News seem to have championed pushing the idea that some people don't want Health Care Reform, even to the point of running a poll on November 9th 2010, in CNN's case. Of course, the poll doesn't report support for Heath Care Reform. (CNN's

But CNN and Fox News have not asked what American Business has done to embrace Health Care Reform. CNN, which claims to be an unbiased news source, really shows its bias here. Fox News is staunchly conservative, but even it has to answer for the fact that many conservative business organizations have been behind Health Care Reform.

It appears the real problem for the Obama Administration isn't American Business, it's the American mainstream media.

Stay tuned.