1. Wal-Mart Is Cutting Insurance For 30,000.
- Author
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Banjo, Shelly, Wilde Mathews, Anna, Francis, Theo, and Armour, Stephanie
- Subjects
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EMPLOYER-sponsored health insurance , *PART-time employees , *HEALTH insurance premiums , *HEALTH insurance ,PATIENT Protection & Affordable Care Act - Abstract
The article reports that retailer Wal-Mart Stores Inc. will stop offering health insurance to 30,000 of its part-time workers, and increase insurance premiums for others. Wal-Mart said its health-care costs for the year ended January 31, 2015 would be a half-billion dollars higher that it had expected. Additional detail is provided about how other companies have responded to changes in the U.S. health-care market wrought by the 2010 Patient Protection and Affordable Care Act.
- Published
- 2014