Comment: They told you you could keep your plan. They said it wouldn’t affect employment. They said it would cost less. They said employers wouldn’t dump workers onto Obamacare’s exchanges. They lied.
“Wal-Mart told The Associated Press that starting Jan. 1, it will no longer offer health insurance to employees who work less than an average of 30 hours a week. The move affects 30,000 employees, or about 5 percent of Wal-Mart’s total part-time workforce, but comes after the company already had scaled back the number of part-time workers who were eligible for health insurance coverage since 2011.”
“The announcement follows similar decisions by Target, Home Depot and others to completely eliminate health insurance benefits for part-time employees.”
[...] “Wal-Mart now expects the impact of higher health care costs to be about $500 million for the current fiscal year [...]”
Thanks again, Obamacare!
Wal-Mart cuts health benefits for some part-timers
Oct 7, 2014 By ANNE D’INNOCENZIO, AP Retail Writer