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Walgreens wants to sell you insurance

Aspirin…Check. Greeting cards… Check. Health insurance…. Apparently that will be the latest thing to check off your list when shopping at Walgreens.

The drugstore giant reportedly plans to sell health insurance plans to customers this fall.

No one at the chain has confirmed or denied the move, but CNN Money is reporting that sources familiar with the Deerfeeld, Ill.-based company are saying Walgreens will sell health insurance products with different price ranges and coverage levels from coast-to-coast through a private health insurance exchange.

National health reform mandates the creation of federal and state-funded public health insurance exchanges by 2014 that will offer subsidized insurance for uninsured and underinsured people.

CNN Money believes this will prompt a rush of companies, many not usually associated with health insurance, to jump into the lucrative market for health insurance exchanges.

Retailers, financial services providers and a large payroll processer are among firms that are actively looking into starting private health insurance exchanges that are separate from public exchanges, CNN Money reports.

I wonder which Fortune 500 company will be the next to announce its entrance into the health insurance world.

BizJournal

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Written by lordsinsurancelog

August 10, 2011 at 6:25 pm

Posted in Insurance News