Walmart in Talks to Acquire Humana
Posted on Monday, April 2, 2018 1:28 PM
The Wall Street Journal reported on Thursday that Walmart is in talks to acquire Humana, which would give the giant retail a health insurance provider and provider of medical care in a booming Medicare market.
Humana is one of the best-known brands in Medicare Advantage plans, which is a fast-growing choice among seniors. Almost 35% of Medicare beneficiaries are choosing Medicare Advantage plans and that number continues to grow.
“A purchase of Humana would allow Walmart to tap into the health insurance and drug benefit business while at the same time acquiring a company that is growing a brand of doctor practices and outpatient facilities. Humana is particularly strong in offering health insurance and services to seniors. There are more than 10,000 Americans turning 65 and becoming eligible for Medicare every day.”
Walmart and Humana already partner to provide prescription drug coverage. If they merge, it’s expected that Humana would guide its Medicare Advantage patients to Walmart for help manage their chronic conditions and other medical services.
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