Wal-Mart cuts health benefits for 30,000 part-timers

CNNMoney ^ | 10/7/2014 | Katy Lobosco

[Signalman]

Wal-Mart, the country's largest retailer, is eliminating health benefits for about 30,000 employees to control its rising healthcare costs. The cut applies to part-timers who work fewer than 30 hours a week, Wal-Mart said Tuesday. It impacts 2% of the company's U.S. workforce.

More of Wal-Mart's employees signed up for health benefits this year than the company expected, which boosted the company's costs.. Obamacare requires everyone to have coverage, which has prompted people to compare plans available to them at work with plans offered on government exchanges. The cheapest and most popular Wal-Mart plan currently costs employees as little as $18.40 per paycheck. (That's going up to $21.90 next year.)

[RetiredTexasVet]

I assume that “unexpected” was implied!

[TribalPrincess2U]

Oh boy, now we’re going to miss all those attentive smiling faces.

[Jim Robinson]

Buy American!

[trisham]

Thank goodness for Obamacare.

[Wolfie]

So they offered healthcare as long as not too many people wanted it. Sounds about right.

[GraceG]

Well, duh...

EBT and SNAP buys a lot of wal-mart goods.

Then the Obama care lowers their operating expenses...

Cronyism at it’s finest...

[silverleaf]

This affects 2% of their workforce. Read the article not just the headline

[TurboZamboni]

Here are 300 reasons why Democrats and unions that support Obamacare want exemptions for themselves
http://tinyurl.com/m8tfd7q

[dragnet2]

Well that sure makes it better for the tens of thousands of dumb slobs who got their insurance jerked away after the company offered it...

Looken sharp Walmart.

[silverleaf]

Sure, like working part time ( or Full time) for any company ensures your “ benefits” will never change

Lay this one on obamacare for driving up costs
How many other companies and employers are or plan to continue insuring part time help?

[dragnet2]

Get real...If you're in private sector America you better expect these companies are going to screw you at any opportunity to maintain profits...This has been the only thing playing for many years now.

BTW, like other fatcorps, Walmart is in bed with government and Obama...In fact, Walmart bosses are likely bribing government the insiders with their well funded and well placed lobbyist and insiders of their own....

What ya see in the paper means zip....

[Secret Agent Man]

Since wal-mart can deliberately limit people to work under 30 hours a week, they can force them to lose their insurance.

[trisham]

Private companies don’t stay in business if they don’t make a profit.

[dragnet2]

Thanks for that breaking news bit.

[trisham]

It seemed to have escaped your notice.

[re_nortex]

Buy American!

Yes indeed, boss! You said it! I'll humbly add that when purchasing American products and services, make a real effort to look for the union label...
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...and if there is one, buy something else!

Eradicate the minimum wage! Crush union thugs! Let freedom ring!

[kingu]

Interesting... Someone I know at WalMart said the notice they received today was that family coverage for part time workers was being discontinued, and would affect a very small percentage of employees. Families are encouraged to look at alternatives (including the PelosiCare website) and that personal health coverage would not be affected by this change. A couple employees were upset, as they were working 20 hours a week and had their entire extended family on the health plan.

[Mastador1]

Have they reported how many people lost their health care because of obummercare?

[unixfox]

Woopsie!