October 7, 2014

Walmart Nixes Insurance for 30,000

Another 30,000 employees are finding out they can’t keep their insurance plans, even if they like them. The Associated Press reports, “Wal-Mart Stores Inc. plans to eliminate health insurance coverage for some of its part-time U.S. employees in a move aimed at controlling rising health care costs of the nation’s largest private employer.” The terminations will be effective Jan. 1 and will affect 30,000 of the company’s workforce clocking in less than 30 hours a week. “The announcement follows similar decisions by Target, Home Depot and others to completely eliminate health insurance benefits for part-time employees,” the AP adds. Sally Welborn, Walmart’s senior vice president of benefits, defended the move, saying, “We are trying to balance the needs of (workers) as well as the costs of (workers) as well as the cost to Wal-Mart.” In other words, the retail giant is trying to keep its business afloat while also maintaining a profit margin – a tedious process every business owner faces that’s been made all the more difficult because of ObamaCare. Then again, Walmart endorsed ObamaCare, only to turn around and do what leftists really wanted – put more people on the federal dole. Oh, and they’re offering health insurance advice, too.

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