Walmart's ambitions are becoming clearer as it pushes into the $3.6 trillion US healthcare industry. Its plans make the retailer a 'sleeping giant to watch.'
the Arkansas Democrat-Gazette reported Tuesday. To start, Walmart will be focused on selling Medicare Advantage plans to seniors 65 and older. The Morgan Stanley analysts called Walmarts move into healthcare "sensible." and said they expect Walmart to pick up more health initiatives over time.
That would be a far bigger shift. Had Walmart opted to be an insurer, it would've marked "the beginning of seismic changes" to the healthcare industry, the analysts wrote. That could include covering its own 1.5 million employees and then growing to offer the coverage to Walmart's 160 million customers. If that were the case, Walmart might be able to use its size to negotiate lower prices, the analysts wrote.
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