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SelectQuote is a direct-to-consumer distribution platform for selling insurance policies and healthcare services. Their insurance business earns commissions by connecting consumers with insurance carriers that provide senior health, life, automobile, and home insurance. The healthcare services business mainly consists of SelectRx, an accredited pharmacy.
History
In May 2021, the company announced its foray into healthcare services via a new company named Population Health. The company aimed to capture the approximately $125bn in unnecessary healthcare costs by helping prevent the approximately 1.5mm preventable medication-related adverse effects.
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