Rolling back prices is a well-known Wal-Mart Stores Inc. (WMT) advertising catch phrase but it would seem it works differently for employees. New employees will be faced with scaled back health-care plans leading one to wonder if the mega-retailer is providing adequate coverage to its workers.
With the first day of the new year, Jan. 1, the company will offer new hires only two health benefits packages. The monthly premiums can run as low as $11 but deductibles can reach amounts as high as $6,000, according to information the WashingtonPost gleaned from Wake-Up Wal-Mart, a union-backed group.
The two current benefit plans, with much lower deductibles, will no longer be available to new employees creating a division between the current employees who will still be able to renew their coverage options.
Division in opinion is also evident between Wal-Mart who feels the new options will actually save employees money because few who paid the higher premiums ever paid the $350 deductible of current plans while paying a premium of between $70 to $100 and Wake-Up Wal-Mart who believes the changes will force the American taxpayer to pick up the cost as Wal-Mart employees are forced to seek public health care.
Know More about health care issues at HealthCareVox.com.
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