Wal-Mart cuts health coverage for some employees

[marmar]

Wal-Mart is eliminating health insurance coverage for new part-time employees who work less than 24 hours a week, dropping coverage of spouses for new workers who put in 24 to 33 hours a week, and will cut by 50 percent the amount it contributes to employees’ health-care expense accounts.

The Bentonville, Ark.-based discount retailer cited rising costs as the reason for the changes, which take effect in January. Nationwide, employer-sponsored health-insurance premiums are up 9 percent, and are forecast to increase 5 percent in 2012.

The Wal-Mart health-insurance changes also include higher premiums, from $10 to $90 each pay period, for employees who smoke, and up to 40-percent spikes in certain other coverage plans. As is the case for many retailers, employee health insurance premiums are relatively low but the deductibles can reach as high as 20 percent of a worker’s yearly pay.


http://www.suntimes.com/business/8339753-420/wal-mart-cuts-health-coverage-for-some-employees.html

[Kennah]

1. Attention Wal-Mart employees, there is now a blue light special: 10% employee discount on cake

[iris27]

6. I literally LOL'd. Then I felt bad for laughing at their plight.

:rofl: :cry:

[sarcasmo]

2. Really sad when this is the Empires #1 employer.

[DJ13]

3. Must.Pad.Profits.

This is an example of the corrosive influence Wall St has on average people.

[izquierdista]

4. Gotta do it

How else is Alice gonna pay for her DUI?

[Ikonoklast]

5. Those smashed-up Porsches aren't free, yanno.

And lawsuits when you run people over cost money to settle, those goddamn lawyers...


Sam would be soooo proud.