Healthcare DIVE October 7, 2020
Rebecca Pifer

Dive Brief:

  • Walmart is officially elbowing into the insurance brokerage industry with the launch of Walmart Insurance Services, which will start selling Medicare plans during this year’s annual enrollment period.
  • The news first surfaced in early July that Walmart was recruiting sales managers and Medicare insurance agents in Texas, leading analysts to forecast the massive retailer was piloting a broker business to sell Medicare products in the Dallas region. But the effort is much broader, per Tuesday’s release, and could disrupt existing players like eHealth, SelectQuote and Goco, analysts say. Shares in all three brokers fell Tuesday following the news.
  • Walmart will sell Medicare Advantage, Medicare Supplement and Part D prescription drug plans offered by a slew of major...

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Topics: Insurance, Medicare Advantage, Patient / Consumer, Payer, Provider, Retailer
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