Wal-Mart Kills Health Insurance for Its Employees

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Business Insider reports that Wal-Mart, due to concern over its bottom line, rather than the health of its employees, decided to cut health insurance benefits for their part-time employees.

The announcement comes after Wal-Mart said far more US employees and their families were enrolling in its healthcare plans than it had expected following rollout of the Affordable Care Act. Wal-Mart, which employs about 1.4 million full- and part-time US workers, says about 1.2 million Wal-Mart workers and family members combined now participate in its healthcare plan.

That has had an impact on Wal-Mart’s bottom line. Wal-Mart now expects the impact of higher healthcare 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.

To be clear, it’s not Obamacare’s fault for making Wal-mart do this. It’s Wal-mart’s own fault for its horrible employee treatment, lack of regard for public health, the safety of their own employees, and their greed that has lead them to this decision. If Medicaid was allowed to be expanded in ALL states (thanks SCOTUS), then this would be less of a concern.