Wal-Mart, which said it canceled its policies in early 2000 because it was losing money on the arrangemen, says the program was intended to reduce its income taxes to help pay rising employee health care costs. Workers were notified and given the opportunity to opt out, the company said. Myers said this corporate practice is not uncommon. He estimates that up to 25 percent of Fortune 500 companies have taken out such policies on employees. The vast majority of the time, the employees didn't know, Myers said.
The part that has me questioning Wal-Mart’s fair play here is the fact that they’ve been successfully sued over this. I’m not sure if it’s legit or they got an O.J. jury. To me, there’s a lot of unanswered questions.