Wal-Mart to end health insurance for part-time workers
The massive retailer will no longer provide health benefits to employees who work fewer than 30 hours a week
Wal-Mart Stores WMT -0.03% is cutting health care benefits for many of its part-time workers, and making other employees pay a bigger share of their premiums.
The worlds largest retailer citing rising health care costs as well as practices at rivals Target TGT -0.88% and Home Depot HD -0.26% said it would no longer provide health benefits to employees who work fewer than 30 hours a week, a move that will affect some 2% of its U.S. workforce, or 26,000 people. Two years ago, the retailer stopped providing health benefits to newly-hired part-time workers, according to the Wall Street Journal. Employees who are covered will have to pay more for the benefit: its most popular and lowest cost associate-only plan will increase by $3.50 to $21.90 per pay period, a 19% jump.
Like every company, Walmart continues to face rising health care costs. This year, the expenses were significant and led us to make some tough decisions as we begin our annual enrollment, Sally Welborn, senior vice president of global benefits, wrote in a blog post.
http://time.com/3479139/walmart-healthcare-insurance/
I went into a Walmart last weekend in Aberdeen Washington. Empty shelves, everything in disarray. The patrons looked strait out of meth central. So did many of the employees. If ever there is a zombie apocalypse, Walmart's will be ground zero. Lots of mullets and women wearing camo hats. Flag t-shirts and hats. Patriot shoppers!
This company is flat out revolting.