Wal-Mart Cutting Health Benefits to Some Part-Time Employees - Bloomberg

Wal-Mart Cutting Health Benefits to Some Part-Time Employees - Bloomberg: "Wal-Mart will no longer provide health coverage to employees who work less than 30 hours a week, according to a statement today on its website. The change is in line with moves by fellow retailers, including Target Corp. (TGT), Home Depot Inc. (HD) and Walgreen Co. (WAG), the company said.

“We don’t make these decisions lightly, and the fact remains that our plans exceed those of our peers in the retail industry,” Sally Welborn, senior vice president of global benefits, said on the company’s blog.

The U.S. Patient Protection and Affordable Care Act, known as Obamacare, doesn’t require companies to cover part-time workers, and offering them health plans may disqualify those people from subsidies in government-run insurance exchanges that opened last year. The coverage provided by the law softens the blow of companies eliminating benefits, said Ron Pollack, executive director of Families USA, a Washington-based group representing health-care consumers."



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