Wednesday, October 26, 2011

Everyday Low Benefits:Wal-Mart workers pay for the retailer's ObamaCare embrace.

The Wall Street Journal reports:
When Wal-Mart endorsed President Obama's health-care plan in 2009, CEO Mike Duke said it did so "to remove the burden that is crushing America's businesses and hampering our competitiveness in the global economy." That doesn't seem to be working out too well—for all Americans, and especially for Wal-Mart's employees.

Last week the largest private U.S. employer announced that it would no longer offer health coverage to part-time workers and would sharply increase premiums for its other "associates." Wal-Mart says the changes are a response to climbing health-care costs, not the Affordable Care Act per se, though even this is an indictment: The bill that the company claimed would help isn't helping. But Wal-Mart's errant political judgment is less important than what its crash benefits diet says about the future of employer-sponsored insurance.
Hope and change!