Wal-Mart To Cut 30,000 Health Plans, Raise Premiums

[b23hqb]

Wal-Mart announced they will reduce employment to 30,000 employees to below 30 hours per week to cancel those health premiums, and raise premiums to remaining employees due to the tsunami of rising costs for Obamacare.

http://online.wsj.com/articles/wal-mart-to-end-health-insurance-for-some-part-time-employees-1412694790

Happening in businesses large and small all over the fruited plains.

It just gets better and better.

 

[tommyjo]

Wal-Mart announced they will reduce employment to 30,000 employees to below 30 hours per week to cancel those health premiums, and raise premiums to remaining employees due to the tsunami of rising costs for Obamacare.

http://online.wsj.com/articles/wal-mart-to-end-health-insurance-for-some-part-time-employees-1412694790

Happening in businesses large and small all over the fruited plains.

It just gets better and better.

Honestly...can any of you people read????

 

[b23hqb]

Honestly...can any of you people read????

What part about the article and thread title can you not comprehend? This part?

Wal-Mart, which at one point offered health-care coverage to all part-timers, has been paring back such coverage in recent years. In 2011, it cut coverage for new employees who worked fewer than 24 hours a week. The following year, it stopped insuring new workers who worked fewer than 30 hours a week.

On Tuesday, Wal-Mart said it would drop coverage beginning Jan. 1 for existing workers who were grandfathered into the company’s health plan. Now, only those part-timers working 30 to 34 hours a week will qualify for the company’s health coverage.

Wal-Mart also is raising premiums for all workers next year. About 40% of enrolled workers are on its least expensive and most popular plan and will now pay $21.90 per two-week pay period, a 20% increase, starting Jan. 1. Across all three plans, Wal-Mart said it estimates workers will pay an additional $10 a pay period. The average Wal-Mart hourly worker earns $11.81 an hour.