Anthem ties-up with Walmart for over-the-counter drugs

Anthem ties-up with Walmart for over-the-counter drugs

The office building of health insurer Anthem is seen in Los Angeles, California February 5, 2015. REUTERS/Gus Ruelas
REUTERS: Anthem Inc said on Monday it has partnered with Walmart Inc to launch a program in January 2019 that will allow its Medicare Advantage plan customers to purchase over-the-counter medications from the retailer's stores and website.Anthem said the program will provide OTC drugs and health-related items, such as first aid supplies, support braces, and pain relievers at reduced costs.
The Medicare Advantage plan, which competes with the traditional Medicare fee-for-service program, provides healthcare coverage to about 17 million Americans and is offered by insurers including UnitedHealth Group Inc , and Aetna Inc .Leerink analyst Ana Gupte said the collaboration emphasizes Anthem's increasing focus and success on Medicare Advantage growth post the margin turnaround, adding the tie-up modestly dampens the likelihood of a near-term Humana deal or JV with Walmart.Earlier this month, insurer Humana Inc , which has a co-branded Medicare drug plan with Walmart, said it was looking to expand its tie-up with the retailer.The Walmart-Humana partnership offers a prescription drug plan that saves up to 20 percent in drug costs for customers.
(Reporting by Saumya Sibi Joseph in Bengaluru; Editing by Shailesh Kuber)
Source: Reuters
 Source : https://www.channelnewsasia.com/news/business/anthem-ties-up-with-walmart-for-over-the-counter-drugs-10634878