Walmart Forays Into Health Insurance In A Bid To Expand Health Care Offerings

Walmart Inc (NYSE: WMT) is venturing into the sale of health insurance; a move that expands the retailer’s presence in the health care segment.

“Walmart now has an insurance agency,” announced the retailer in a job listing for medical insurance agents.

The newly formed subsidiary, Walmart Insurance Services LLC, is looking to hire several agents to begin the first week of August 2020, according to the advertisement.

A Walmart spokesperson confirmed the creation of the insurance agency to CNBC but did not spell out any details on product offerings or pricing.

Read more…