Wal-Mart is exploring the idea of building a private health insurance exchange tailored to offer cheaper health insurance to small businesses.
Marcus Osborne, vice president of health and wellness payer relations for Wal-Mart Stores Inc. (NYSE:WMT), told the Orlando Business Journal after his keynote speech at the Foundation of Associated Industries of Florida’s 2013 Health Care Affordability Summit, that Wal-Mart wants to work with insurers and managed care companies to find new, low-cost health insurance options tailored for small companies, which historically have limited options.
The idea is to offer those products through a health insurance exchange — or as Osborne said, simply a marketplace — that would leverage Wal-Mart’s buying and marketing power to make the exchanges widely available and used.
Source:American City Business Journals