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Walmart Forms Company To Sell Insurance Amid Healthcare Push

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As it grows its healthcare offerings beyond low-cost clinics and technology to help patients manage their medications, Walmart has formed a new company to sell insurance policies called Walmart Insurance Services LLC. In addition, the retailer reportedly paid approximately $200 million to purchase key assets from CareZone.

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Walmart Expands Healthcare Services

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Walmart 's partnership with insurance startup Clover Health to aid Georgia seniors marks the retail giant's foray into privately-managed Medicare Advantage plans, Bloomberg reported. Walmart has been making moves in the healthcare field for some time, including opening clinics in Georgia, Texas, South Carolina, Florida and Arkansas.

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Walmart's New Insurance Brokerage To Sell Medicare Plans

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Walmart Insurance Services General Manager David Sullivan said that just one in 10 Medicare beneficiaries is signed up for a plan that maximizes their savings on out-of-pocket spending. “We The news comes as Walmart is aiming to take its expertise at developing retail stores and lowering costs and apply it to improving the health sector.

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Internal Memo: Simon To Reopen 49 Malls In May

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The properties in Texas, Indiana, Alaska, Missouri, Georgia, Mississippi, Oklahoma, South Carolina, Arkansas and Tennessee will not be limited to curbside-pickup reopening like the ones happening in Texas, the report said. Simon is also encouraging retailers to use technology, such as Apple Pay, for contactless transactions.

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Instacart, Publix Team On Digital ‘Pub Sub’ Offering

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As of today, it’s available in Florida, Georgia, Alabama, South Carolina, Tennessee, North Carolina and Virginia, Instacart said in announcing completion of the Digital Deli rollout. Instacart and Publix initially launched the service in Florida earlier this year.

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Walmart Adds Two Global Governance Leaders To Support Financial Services

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Emma Waddell will join the company as vice president of financial services compliance, while Joe Rodriguez will serve as lead counsel of financial services, per news from the retailer. “As She earned her bachelor’s of arts in economics from Rutgers University and her master’s in business administration from the University of South Carolina.

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Retailers Look To Digital Technologies After Beating The Street

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Retailers and retail landlords are reporting strong first-quarter earnings results, beating analysts’ expectations in many cases. Management noted on the conference call with analysts following the earnings report that there was a “positive comp gap” between the company and quick-service restaurant peers of as much as 270 basis points.

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