The next wave of ObamaCare insurance cancellations is under way, flying largely under the national media radar… until Wal-Mart announced it would be dropping coverage for all its part-time employees. The Associated Press reports:
Starting Jan. 1, Wal-Mart told The Associated Press that it will no longer offer health insurance to employees who work less than an average of 30 hours a week. The move, which would affect 30,000 employees, follows similar decisions by Target, Home Depot and others to eliminate health insurance benefits for part-time employees.
“We had to make some tough decisions,” Sally Wellborn, Wal-Mart’s senior vice president of benefits, told The Associated Press.
Wellborn says the company will use a third-party organization to help part-time workers find insurance alternatives: “We are trying to balance the needs of (workers) as well as the costs of (workers) as well as the cost to Wal-Mart.”
The announcement comes after Wal-Mart said far more U.S. employees and their families are enrolling in its health care plans than it had expected following rollout of the Affordable Care Act. Wal-Mart, which employs about 1.4 million full- and part-time U.S. workers, says about 1.2 million Wal-Mart workers and family members combined now participate in its health care plan.
That has had an impact on Wal-Mart’s bottom line. Wal-Mart now expects the impact of higher health care costs to be about $500 million for the current fiscal year, or about $170 million higher than the original estimate of about $330 million that it gave in February.
But Wal-Mart is among the last of its peers to cut health insurance for some part-time workers. In 2013, 62 percent of large retail chains didn’t offer health care benefits to any of its part-time workers, according to Mercer, a global consulting company. That’s up from 56 percent in 2009.
Yay! Six percent fewer part-time employees have coverage because of ObamaCare! That’s quite an “achievement,” especially since the primary result of Barack Obama’s economic plans has been the wholesale conversion of full-time jobs to part-time positions. An America full of people who work hard, but don’t make enough money to take care of their needs, dependent on an insolvent corporatist program that will soon collapse into a single-payer black hole for their health care? What’s not to like, if you’re a dishonest socialist?
Let us pause once more to remember that President Barack Obama loudly, clearly, and repeatedly promised that nothing …read more