Walgreens CEO and Walgreens CFO: Walgreens Creates Shareholder Value, Backs Heath Care Reform

At today's Walgreens Analyst Day, Walgreens CEO Greg Wesson and Walgreens Executive Vice President and Chief Financial Officer (CFO) Wade Miquelon joined other Walgreens executives like Walgreens President of Pharmacy Services, Kermit Crawford, in showcasing the firm's new strategy of being a health care provider.

Walgreens sees its role as serving the estimated 32 million Americans who will be the new users of the heath care system because of President Obama's Health Care Reform initiative (the same program the GOP and House Minority Leader John Boehner (R - Ohio) want to repleal).

Greg Wesson, Walgreens CEO, explained that Walgreens serves 6 million health care customers a day. Wade Miquelon, Walgreens CFO, said that Walgreens is "embedding continuous process improvement and innovation into the fabric of our company," in an effort to better serve those 6 million daily customers.

What's interesting about Walgreens, and shows a way toward an American economic recovery, is that it's using new government programs, specifically Heath Care Reform, as the basis for its recovery, while acquiring pharmacy chains like Northeast-based Duane Reed, to embark on his "health services provider" strategy.

At Walgreens Analyst Day, seen via Shareholder.com, the Wesson said that Walgreens sees its 75,000 pharmacy workers as the ones who will help fill the demand for physicians that will be taxed because Heath Care Reform will bring 32 million Americans into the system.

Thus, the GOP's efforts to do away with the Obama Health Care Reform initiative will wreck Walgreens new business plans.  Indeed, the GOP would be smart to scale back, if not eliminate, its' rhetoric and examine just how the same American Business it claims to champion is actually embracing Heath Care Reform.

If Walgreens is on the right track, businesses like it, and Walmart and CVS are positioning themselves to actually help implement Health Care Reform.
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