mercury14
Pragmatic Metaphysician
- Joined
- Jul 8, 2009
- Posts
- 22,158
OBAMACARE FALLOUT: WALMART ENDS INSURANCE FOR NEW HIRES
Big Gov
And so the government takeover of our health care system begins:
Walmart, the nation’s largest private employer, plans to begin denying health insurance to newly hired employees who work fewer than 30 hours a week, according to a copy of the company’s policy obtained by The Huffington Post. …
Walmart declined to disclose how many of its roughly 1.4 million U.S. workers are vulnerable to losing medical insurance under its new policy. …
Labor and health care experts portrayed Walmart’s decision to exclude workers from its medical plans as an attempt to limit costs while taking advantage of the national health care reform known as Obamacare. Among the key features of Obamacare is an expansion of Medicaid, the taxpayer-financed health insurance program for poor people. Many of the Walmart workers who might be dropped from the company’s health care plans earn so little that they would qualify for the expanded Medicaid program, these experts said.
By making the fine for not providing health care cheaper than providing health care, this was always the plan: to encourage employers to send us to the government.
Wal-Mart makes a billion dollars in profit every twelve days. Not revenue, profit. And those are recession figures that will rise in 2012.
So their only choices is to treat their employees like shit and cut their benefits.