Skip to comments.Wal-Mart rolls back health care benefits
Posted on 10/21/2011 9:12:04 AM PDT by tobyhill
Prices aren't the only thing being slashed at Wal-Mart.
Amid rising costs, Wal-Mart Stores Inc., the world's largest retailer and the nation's largest private employer, said Friday that it is cutting health benefits for part-time workers and raising premiums for many of its full-time staff.
The news was first reported in The New York Times.
New part-time employees who work less than 24 hours per week on average will not be eligible for any of the company's health insurance plans. New employees who work 24 to 33 hours per week would not be allowed to add a spouse to their coverage, either, although children would still be covered.
The changes take effect in January, Reuters reported.
(Excerpt) Read more at bottomline.msnbc.msn.com ...
Obamacare in action!
Boy, there are going to be some really pizzed, nastier then usual people working at Walmart.
My understanding is that the benefit offered to part-timers would have to be dropped anyhow because the max payout is $5K or something that does not comply with the demands of Obamacare. (unless you have a waiver that is)
I think they mean they can't add a spouse if that spouse is eligible for their company's health plan, a lot of companies are starting to do this, or adding a surcharge if the employee covers a spouse, who is eligible for their own health plan.
The downgrading of America continues. Thanks Obama for making health care more expensive.
"You can keep the healthcare coverage you have. Until my plan runs it out of business." - 0baMugabe
I welcome the day that health care insurance won’t be coupled to employment. It’s one of the reasons there is widespread age discrimination.
[ For employers like Walmart it would be easier and cheaper to just drop all coverage and pay the $2,000 fine and that’s exactly what Walmart appears to be prepping for. ]
Gee, they never figure or they always figure for unexpected consequences.
Didn’t they get a waver from O-Care?
They saw what happened when other companies told the truth about the increases...
Wally World was smart enough not to say it was from Obamacare...
We know it is, though.
In this Obamacare, the employers actually have a 3rd option, don't hire in the first place.
And I think most employers are already choosing option 3. The country will continue to have high unemployment until Obamacare is repealed.
Or hire more employees and cut everyone’s hours until everyone is part time.
Typical Zero bait and switch. Did they actually think O-Care was going to go unchallenged. Good Grief.
Obamacare will be the gift that keeps on giving even after it is repealed.
I welcome the day that health care insurance wont be coupled to employment.
To get around wartime wage controls.
welcome to obamacare world
didn’t Wal-mart support Obamacare and higher minimum wages??
Yep. I was just about to start up All-Mart and they stopped me cold. :p
I had thought so, too but I’m not finding it. Though I did find they and SEIU backed Obamacare.
Wal-Mart is missing a bet, here. They could set up a chain of stores designed specifically for “mass production medical testing”. Here’s the concept:
For a set contract price, all sorts of organizations send employees through these medical analysis centers that are somewhat like military induction medical centers, but far more complex. Segregated by gender, they provide their complete medical history and a list of all medications, OTC meds and supplements they are taking. They take off their clothes and put on medical gowns. Then, in some order:
Full body and dental X-ray and maybe other scans. Complete blood, urine, stool, saliva and hair testing. Fingerprints and retinal scans, height, weight, blood pressure. DNA test. Vision, hearing, smell (used for some neurological analysis), etc.
The idea being to provide a comprehensive medical baseline, as well as spotting major preexisting conditions, both known and unknown.
Processing hundreds of people every day, its purpose is not to diagnose and treat illness, but to ascertain “wellness”, as well as having a comprehensive snapshot of the person before they develop problems, so that changes can be automatically noted for physicians.
Over time, this could save companies a huge amount of money now lost to serious illness. But a Wal-Mart set up could then be subdivided for follow-up comparisons, such as the comprehensive blood work, which today is done by private labs.
They made a effort at beginning such an enterprise a couple of years back. For some reason they stopped.
Probably the same reason they haven’t been able to get into the banking business, lawsuits from those aready established in the business.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.