NEW YORK — Walgreens is planning to sell health insurance as soon as this fall, CNNMoney reported Tuesday morning.
Walgreens declined to comment on the matter, according to the report.
The Chicago-based pharmacy-and-more operator would sell health insurance products with different price ranges and coverage levels across its network nationwide through a private health insurance exchange, CNNMoney reported, citing people familiar with the plan.
Health reform mandates the creation of federal and state-funded public health insurance exchanges by 2014 that will offer subsidized insurance for uninsured and underinsured people.
According to CNNMoney, TripleTree, an investment banking firm focused on the healthcare and technology market, estimated that from 2014 through 2019 as many as 36 million consumers will buy their health insurance from exchanges.