Two industry leaders form program to increase access to affordable
over-the-counter medications and health products for Medicare-eligible
INDIANAPOLIS--(BUSINESS WIRE)--Aug. 20, 2018--
Anthem, Inc. (NYSE: ANTM), one of the nation’s leading health benefits
companies, announced today an arrangement with Walmart to advance the
companies’ mutual goals of reducing healthcare costs and providing
consumers with increased access to over-the counter (OTC) medicines and
services that can improve their health.
The Anthem-Walmart program, launching in January 2019, will enable
consumers who are enrolled in Anthem’s affiliated Medicare Advantage
(MA) plans to use OTC plan allowances to purchase OTC medications and
health-related items, such as first aid supplies, support braces, and
pain relievers at Walmart’s 4,700 stores and on Walmart.com. The new
collaboration is expected to improve access to these items while
significantly reducing the out-of-pocket costs for those enrolled in
Anthem’s affiliated MA plans.
“Creating a better healthcare future requires us to think differently
about how we can develop innovative and meaningful healthcare solutions
for consumers,” said Felicia Norwood, Executive Vice President and
President, Government Business Division, Anthem. ”We are pleased to join
with Walmart to create an initiative that combines Anthem’s deep
understanding of the needs of senior consumers, with Walmart’s
unwavering commitment to saving people money and developing a seamless
shopping experience. We believe that programs like this can make a
tremendous difference for healthcare consumers who often live on a fixed
income or are managing chronic medical conditions.”
“Walmart is committed to making healthcare more affordable and
accessible, and we are in constant pursuit of new ways to deliver on
this commitment,” said Sean Slovenski, senior vice president, Health and
Wellness, Walmart U.S. “We are thrilled to be working with Anthem to
provide its Medicare Advantage members with convenient access to our
broad assortment of high-quality over-the counter products – all
available at everyday low prices.”
With more than 90 percent of Americans living within ten miles of a
Walmart store and the retailer offering a number of services to ease
consumers’ lives, including free two-day shipping with Walmart.com
orders $35 or more (without a membership fee), which will also be
available in the Anthem-Walmart program, this new initiative is expected
to be important to older adults who seek more value for their money and
a convenient shopping experience. According to the Social Security
Administration, nearly a quarter of married seniors and four out of 10
unmarried older adults rely on their Social Security benefit, which
averages just over $1,400 a month, for at least 90 percent of their
Anthem. Inc. is a Medicare Advantage and Prescription Drug plan with
a Medicare contract and a contract with the State Medicaid Program.
Enrollment in Anthem, Inc. depends on contract renewal.
About Anthem, Inc.
Anthem is working to transform health care with trusted and caring
solutions. Our health plan companies deliver quality products and
services that give their members access to the care they need. With over
73 million people served by its affiliated companies, including nearly
40 million within its family of health plans, Anthem is one of the
nation’s leading health benefits companies. For more information about
Anthem’s family of companies, please visit www.antheminc.com/companies.
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Source: Anthem, Inc.
Hieu Nguyen, (202) 510-8848