Unitedhealth, the largest u.s. Health insurer, announced on monday ..................
UnitedHealth, the largest U.S. health insurer, announced on Monday it will offer about 2 million people enrolled in its Medicare Advantage plans access to Warby Parker's prescription eyewear online and at more than 80 stores for little- to no out-of-pocket cost.
UnitedHealth says it will offer about 2 million of its Medicare Advantage beneficiaries access to Warby Parker's prescription eyewear.
A $375 pair of designer prescription sunglasses from Warby Parker could cost less than $50 under a Medicare Advantage plan, according to UnitedHealth.
see all of it:
https://www.optiboard.com/forums/sho...448#post550448
and it became a fact on November 28, 2018:
see at:
https://ca.warbyparker.com/united
the first time Warby Parker is accepting Medicare insurance, ........................
Quote:
Originally Posted by UnitedHealthInsurance
UnitedHealth said Monday's announcement marks the first time Warby Parker is accepting Medicare insurance, and expands on its year-long relationship with the designer eyewear maker.
Last year, UnitedHealth said employer-sponsored and individual vision plans can access Warby Parker eyewear at a lower price.
UnitedHealth, with a market cap of more than $254 billion, has seen its shares rise more than 20 percent so far this year. Shares were trading more than 2 percent lower early afternoon Monday.
.................................and it just had to happen at some point of time.
https://www.cnbc.com/2018/11/19/unit...care-plan.html
.....................one should not criticize others the wrong way
Quote:
Originally Posted by copy of original
Retirees can buy Warby Parker designer glasses for under $50 with UnitedHealth's Medicare plan
- UnitedHealth says it will offer about 2 million of its Medicare Advantage beneficiaries access to Warby Parker's prescription eyewear.
- A $375 pair of designer prescription sunglasses from Warby Parker could cost less than $50 under a Medicare Advantage plan, according to UnitedHealth.
.......................well, well, well, here is another copy of the original
.....................one should not criticize others the wrong way after partying all night.
So, why not just update the post ............................
Quote:
Originally Posted by
Kwill212
So, why not just update the post with the correct information instead of questioning my nighttime activities?
..........................good idea
It could even mean, that they intend to purchase WP ...........................
Quote:
Originally Posted by UnitedHealthcare
..................if the 2 million Advantage beneficiaries will purchase one pair of glasses each
..................if the 2 million Advantage beneficiaries will purchase one pair of glasses each, at $ 60.00 each, that will make a sudden unexpected increase of WP turnover by about $ 120 millions, and continue and increase, into the future.
To let the spinning wheel run freely: it will also force the other big healthcare optical's, as EyeMed (Essilor-Luxottica) and VSP to rethink their setups, and bypass their present optical retailers.
It could even mean, that they intend to purchase WP, to be be able to fully compete in the final retail cost of online eyeglasses through a health insurance.
First Specterrible and now Warby Parker fake glasses............................
Quote:
Originally Posted by drk
UHC seems to find newer and better ways to rip-off their members.
First Specterrible and now Warby Parker fake glasses.
Enjoy your crap glasses, UHC. You ain't hip, neither.
.............................it looks like you lost your usual cool, drk.
The report on UnitedHealth and WP must have rattled your usual humorous side.
If no other surprising and upsetting news is coming up our way, in the near future, we can now resume and establish some real facts about a badly upset optical retail industry, were the hundreds of years old selling-price markups are successfully being challenged.
Who is United Health Insurance? So I looked it up .............................
UnitedHealth Group Inc. is an American for-profit managed health care company based in Minnetonka, Minnesota. As of 2018, it is ranked #5 on the Fortune 500 rankings of the largest United States corporations by total revenue.[3] UnitedHealth Group offers health care products and insurance services. UnitedHealth Group is the largest healthcare company in the world by revenue with $201 billion in 2017. UnitedHealth Group subsidiary companies together serves approximately 115 million individuals in 2016.
see all of it:
https://en.wikipedia.org/wiki/UnitedHealth_Group
could possibly result in United purchasing the *Warby Parker* company ...............
Having seen the write up on United Health on Wikipedia, and looking at the deal to use *Warby Parker* to deliver the eyeglasses at their best price is like a super boost to WP as well as United.
This could possibly result in United purchasing the *Warby Parker* company if they have not already a temporary, or binding agreement to that fact.
..................if that would actually happen, it could ignite some major changes in the optical retail sections.
check it out at:
https://en.wikipedia.org/wiki/UnitedHealth_Group
expansion of the market, is the now regular adult generation.........................
Quote:
Originally Posted by optical 24/7
Chris, the one thing I’d like you to grasp is that internet sale of glasses, in any form, is mostly an expansion of market, not a significant shrinkage from B&M’s. We all don’t have to sell at “cost” and have a “service fee”.
your cost for frames on this continent, compared to the rest of the world is 3 to 4 times the value ex factory, who is wherever.
That is due to retailers requesting the right to return samples for any reason, warranties, exchanges and so forth. The importer/distributors have to cover their cost, and raised their pricing to a higher level.
In the old days, 20 to 30 years ago, of straight outright selling, (free returns only for factory defects) , importers charged a gross markup in the area of 42%, of the landed cost.
On top of all that, the conventional retailer , the optician, ads his own markup to get to his own selling price to make his living.
Optical Frames at factory pricing and availability can now be easily checked at one of the webs most popular websites:
https://www.alibaba.com/trade/search...es+frames+2018
Quote:
Originally Posted by optical24/7
They are not going to “capture” 100% of the 2M Chris. They (WP) don’t even offer your beloved lined bifocals. (This plan described is for Medicare...over 65). Your 17% figure of internut glasses market precludes the premise.
Also, please keep in mind most of the expansion of internet sold glasses is an expansion of market, not necessarily a loss from traditional B&M locations....Expansion of market...Not supplanting it...
Your so called expansion of the market, is the now regular adult generation that is getting older,
and is used to the internet …………..while your regular B&M market share is dying off at a faster rate each year, and will be harder to replace.
Your expansion will become the replacement, however they will stick to the internet.
Honest questions here Chris, ..................................
Quote:
Originally Posted by
Kwill212
Honest questions here Chris, do you think the entirety of the optical market buys the crap they sell on alibaba and marks it up 20000%? Do you think we all have reps come in an manage our frames and do frame exchanges all day long with unlimited no questions asked warranties? Do you think the entire industry buys from 3rd party distributors instead of from companies that have their own factories? There are eyeglasses made outside of China you know.
do you think the entirety of the optical market buys the crap they sell on alibaba and marks it up 20000%?
Alibaba is ranking within the five most successful, commercial websites on a worldwide basis.
They publish advertising's, paid for by manufacturers, or wholesalers of anything you can dream of. They publish products for sale, whatever they make, quality or price, but sorted by product category.
I have found my largest customer ever, by advertising on Alibaba some 15 years ago.
The only optical sector that has discovered suppliers through Alibaba, are the online optical s and some very few B&M retailers that can now purchase at the genuine and direct factory pricing plus transport cost.
Do you think we all have reps come in an manage our frames and do frame exchanges all day long with unlimited no questions asked warranties?
No I do not think that ALL are doing it, but there are enough to have the wholesale eyeglass industry change their selling prices to a much higher price level, some time ago.
Do you think the entire industry buys from 3rd party distributors instead of from companies that have their own factories?
There is no more choice, frames are no more sold with the manufacturers brand name, these days it is all some designer or any other possible name.
distributors instead, of from companies that have their own factories?
There is no more choice, frames are no more sold with the manufacturers brand name, these days it is all some designer or other possible name.
There are eyeglasses made outside of China you know.
of course there are, there have always been, and there will always be some startups somewhere.
Conclusion
At 60 years in the optical trade, as graduate optician, owner of an optical wholesale lab, and a optical frame wholesale company, as well as manufacturing Corporation, I believe that I have plenty of experience to make a fair judgement of today's situation.
It is now a fact...................Warby Parker s latest website just hit the web ...
Warby Parker s latest website:
Using UnitedHealthcare at Warby Parker
Get a new pair for just the cost of your copay :-)
We now accept certain UnitedHealthcare vision insurance plans, and most members will be eligible for a pair of our prescription eyeglasses or sunglasses—single-vision or progressive lenses included—for just their copay. That’s normally $25 or less, total!
(Even more good news: You might be covered for an eye exam too.)
How it works
Your UnitedHealthcare vision benefits work differently at Warby Parker than they do at other providers. Here’s a breakdown of how much you could save, depending on what you’re shopping for:
Extra! Extra! (At no extra cost.)
Our optical lenses include anti-reflective, scratch-resistant, and smudge-resistant treatments, and our prescription sun lenses are scratch-resistant and polarized to reduce glare. All of our lenses block 100% of UVA and UVB rays.
Shipping, returns, and exchanges are all free, and every pair comes with a one-year no-scratch guarantee. (We’ll gladly replace your lenses if they do scratch within 12 months of purchase.)
See all of it:
https://ca.warbyparker.com/united
Warby Parker has made it ...............................
Warby Parker has made it ...............................
.................................just gained a possible 2 million more customers
Warby Parker is the loudest of all online sellers ...................................
Warby Parker is the loudest and fastest reacting of all optical online sellers, and will make sure the world will hear and know that you can get a pair progressive eyeglasses at a final copay price of $ 25.00 or less.
When will the members of the optical retail industry finally admit that they have to make some changes to the system, that will let them survive such drastic changes of retail pricing.
How will the Essilor-Luxottica group of online sellers react to this major development in the optical retail ?
drk..................So why don't you start with a proposal ? ......................
Quote:
Originally Posted by
drk
There will be market segmentation. Crap and good. Someone will do in-between.
drk..................So why don't you start with a proposal ? May be one of each, in your 3 categories of segmentation.
WP recently set up an optical lab in NY State, but I wonder if they can produce there, at the offered retail pricing.
However the few large courier companies have special pricing for some large optical companies, I learned just a little over a years ago. We shipped a few orders to Europe weighing close to 100 kg on a second day delivery by FEDEX, with special coded labels, supplied by e-mail from the buyer.
So there are new ways to save time, by fast delivery at a decent pricing, and if you don't know about it, you will never find out by yourself.