WAL-MART CUTS HEALTH BENEFITS
From Wake Up Wal-Mart:
According to internal Wal-Mart documents, just released by WakeUpWalMart.com, Wal-Mart plans to slash health care costs by eliminating all of its low-deductible health care plans for new hires, increasing medical premiums on its existing plans, and increasing the spousal surcharge to a whopping $1,800 a year in order to push more employees off of the company health care plan.
By eliminating most of its health care plans and replacing them with a high-deductible, catastrophic plan, Wal-Mart is effectively out of the health care business and will, instead, shift its health care costs onto its hard-working employees and America’s taxpayers.
Nice! Wal-Mart is the nation’s largest employer, with over 1.39 million employees. Last year they made a record $11 billion profit, yet fail to provide company health care to over half of its employees and their families.