Friday, September 29, 2006

Wal-Mart anticipates its "Value Plan"

"We've done the math on this, and we have a pretty good understanding of what this is going to mean, Most associates are going to come out better on this." Wal-Mart spokesman Dan Fogleman

According to internal Wal-Mart documents, just released by,
Wal-Mart plans to slash health care costs by eliminating all of its low-deductible health care plans for new hires, increasing medical premiums on its existing plans, and increasing the spousal surcharge to a whopping $1,800 a year in order to push more employees off of the company health care plan.By eliminating most of its health care plans and replacing them with a high-deductible, catastrophic plan, Wal-Mart is effectively out of the health care business and will, instead, shift its health care costs onto its hard-working employees and America's taxpayers.

Read the Washington Post Article Here

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