Wal-Mart is considering selling health insurance to small employers.
Marcus Osborne, vice president of health and wellness payer relations for Wal-Mart, told an Orlando Business Journal reporter the company is “working with plans to create unique products – lower-cost benefit products for small employers.”
Osborne said the company is “trying to figure out what our role should be” in the health insurance exchange marketplace.
The Affordable Care Act, President Obama’s landmark health reform legislation, requires states to set up online health insurance exchanges. Currently, only large companies have private exchanges.
Wal-Mart is already a major player in the health care business; it is the fourth-largest pharmacy in the U.S., offers vaccines and sells health insurance at Sam’s Club warehouse stores.