cash grab Archives - Uncle Walt's Insider

Disney Parks to rebrand as health care, will accept Medicaid, Medicare

The fact that Disney will now get federal health care funds is "not another money grab," according to CEO Chapek. BURBANK, CA -- In a recent call with investors, Bob "Bob" Chapek, CEO of the Disney Company, announced plans to relabel the Disney theme parks as health care facilities, primarily to be able to rake in federal health funds. The newly renamed "Disney Parks, Experiences, and Hospice Care" division will begin accepting Medicare/Medicaid payments within a few months. Citing lower guest satisfaction, ... Read more