Walmart Partners With Scan Health Plan for Medicare Advantage

Walmart Inc. has partnered with nonprofit insurer Scan Health Plan to sell Medicare Advantage plans to senior citizens. The collaboration intends to leverage Walmart's consumer data to reduce overall healthcare costs for participants.

This initiative arrives as rising medical care prices pressure the profitability of health insurers. These financial pressures have led some providers to close existing plans, leaving millions of seniors in search of alternative coverage options. Scan Health Plan aims to use the partnership to fill the gap in available private Medicare options for the elderly.