Costco Teams Up With Non-Profit Insurer to Enter Medicare Market; ServiceNow Shares Surge

The move is seen as a strategy to tap the public health insurance market for adults aged 65 and older and people with disabilities. Anchor Kang Su-ji said, "Costco is partnering with non-profit insurer SCAN Group to launch in earnest in Medicare, America's health insurance program for seniors."

Anchor Kang Su-ji noted, "In fact, more than half of the 64.2 million Medicare enrollees have chosen private plans, which shows how active the Medicare market is."

Costco will first roll out two Medicare products in three states. The first is the "Orileon Package Medicare Advantage," which features easier access: customers can shop and also get insurance enrollment consultations using the pharmacy and optical shop inside Costco stores. The second is a supplemental insurance product that covers 20% of the patient's out-of-pocket costs. Anchor Kang Su-ji explained, "First, two products will be launched in three states. The first is the Orileon Package Medicare Advantage mentioned earlier. The idea is that while shopping at Costco, you can also get insurance enrollment consultations using the pharmacy and optical shop inside the store."

In particular, ServiceNow's stock has surged, leading a rally across the software sector. Anchor Kang Su-ji reported, "In particular, as ServiceNow surged, it led a rally in software stocks. Let's go see how Wall Street is evaluating ServiceNow."

Anchor Kang Su-ji said, "In particular, the price target for ServiceNow was raised from $130 to $150. It also gave a positive assessment that because ServiceNow deeply understands how its customers operate, it is in an optimal position to deliver agentic AI solutions."

Concerns remain about AI profitability, with OpenAI posting an operating loss of $12.3 billion despite revenue growth. Still, the market has begun to regain confidence in the fundamentals of software companies, and the perception that software is a beneficiary of AI adoption is growing. Anchor Kang Su-ji assessed, "The market has started to gain more certainty about the fundamentals of software companies, and the perception that software is benefiting from AI adoption is also growing."