Walmart health insurance acquisition talks underway with Humana

Walmart Health Insurance - Insurance Company Acquisition - Business

The largest retail chain in the world is reportedly in early-stage negotiations with the insurer. A new Walmart health insurance company may one day form if its acquisition of Humana is successful. The Wall Street Journal reported that the retailer was in talks with the insurer for precisely that purpose. Reuters soon after reported that the companies were working on a possible partnership without ruling out an acquisition. Humana’s shares skyrocketed by up to 13 percent during the trade hours following the reports. The Walmart health insurance talks also gave…

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Health insurance elimination by Walmart could harm workers’ wallets

walmart health insurance

Reports are showing that temporary workers who are no longer being covered by the company could face financial struggles. Recently, Walmart made insurance news headlines when it announced that when it comes to the temporary workers that it employers, it would no longer be offering health insurance coverage among the employment benefits. The company announced that this would affect only a small fraction of the total number of people it employs. Though Walmart pointed out that among the 1.4 million people that the company employs in the United States, only…

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Health insurance has become Walmart’s latest market

Walmart Health Insurance

The retail giant has made its next move to ensure that it will always have a finger in every pie. The largest retailer in the world has now announced that it has intentions to begin working with DirectHealth.com, an agency and internet health insurance comparison website, in order to give its customers the chance to compare various comparison options, and either enroll in plans in the public exchange as created under the Affordable Care Act, or enroll in Medicare plans. This is only the most recent step that Walmart has…

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Auto insurance becomes Walmart’s next business

walmart health insurance

Ever expanding into every industry, the retail giant has now stepped into selling vehicle coverage. Walmart has announced that it is stepping into the auto insurance business in what it calls its expanding effort to ensure that consumers are always paying the lowest prices for everything that they need. This, according to a recent news announcement that was made by the retailer. The largest retailer in the world has revealed its partnership with AutoInsurance.com, which is a website that provides price comparisons and policy shopping services. That site was formed…

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Disability insurance reduction effort at Walmart

Walmart auto insurance

Following a ruling in favor of the retail giant by the Supreme Court, workers may now find coverage more challenging. Last week, at the same time that Walmart was facing a new round of criticism regarding its extremely low wages for many workers – and an effort to overcome that reputation with promotions for about 25,000 American employees along with raises in pay – the retail giant was simultaneously working to convince the Supreme Court to make it easier for the company to avoid paying disability insurance benefits. This ruling…

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Life insurance to be available at Walmart locations

Walmart health Insurance

The largest retailer in the world is working with New York based insurer MetLife to sell the products. Walmart has just announced the beginning of a pilot program that it has undertaken with MetLife, in order to sell prepaid life insurance policies to shoppers at 200 of the retailer’s locations in South Carolina and Georgia. Customers in the stores will be able to purchase the coverage as they would any other item in the store. According to the MetLife senior vice president of consumer direct business, Manish Bhatt, “We believe…

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Walmart enters into life insurance business

Walmart health Insurance

Walmart teams with MetLife to sell life insurance policies Retail giant Walmart appears to be getting into the life insurance business in Georgia and South Carolina. The company has teamed with New York-based insurer MetLife to begin selling policies in more than 200 stores located in both states. The life insurance policies that will be sold through Walmart are designed to be attractive to consumers looking to find affordable coverage without having to do extensive shopping or rely on plans that may be provided by their employer. Partnership will open…

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Will insurers be the next motivator for quitting smoking?

Insurance companies have put forward a proposal to charge a higher premium for covering smokers as a new form of motivator for individuals to quit their cigarette habit. WalMart is among the organizations spearheading this effort to make it more expensive for smokers to obtain health insurance coverage. However, whether or not it is right for medical insurance to make this choice is just as important as whether or not people will actually take control over their own health risks and stop their smoking habit. According to Psychologist Dr. Carol…

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