Humana eyes stronger ties with Walmart despite Walgreens partnership

Humana Inc. said it is seeking to expand its partnership with Walmart, soothing worries that the insurer's deal with Walgreens Boots Alliance would limit its partnership with the retailer. "We still value and have a strong relationship with Walmart," said Humana CEO Bruce Broussard on a call discussing the company's better-than-expected earnings.

Humana Inc. said it is seeking to expand its partnership with Walmart, soothing worries that the insurer's deal with Walgreens Boots Alliance would limit its partnership with the retailer. "We still value and have a strong relationship with Walmart," said Humana CEO Bruce Broussard on a call discussing the company's better-than-expected earnings. Walmart and Humana currently have a cobranded Medicare drug plan that directs patients to Walmart stores. The partnership offers a prescription drug plan that can save customers up to 20% in drug costs. When the insurer announced in June it would partner with Walgreens—with its unit operating primary care clinics aimed at older adults inside two Walgreens stores in Kansas—some analysts suggested that ended speculation over a potential deal with Walmart. "Both of them [ties to Walmart and Walgreens] are complementary," Broussard noted, adding that partnering with one does not restrict a deal with the other.