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Message
re: Re: Obamacare; Walmart cuts insurance benefits for 30k employees
Posted on 10/8/14 at 6:36 am to SpidermanTUba
Posted on 10/8/14 at 6:36 am to SpidermanTUba
quote:
How much was Wal-Mart chipping in?
If they were chipping in a penny, it's a penny that these people no longer have. Why do you hate poor people so much?
2
Posted on 10/8/14 at 6:39 am to Vols&Shaft83
quote:
If they were chipping in a penny, it's a penny that these people no longer have
Yeah but they'll get much more than one penny in subsidies by buying RomneyCare - soooooo, the question is whether or not their subsidy from the government is bigger than what Wal Mart was paying them.
Is it?
Besides I am sure Wal-Mart will be paying them the difference in what they were chipping in, right? Since they love their employees. Wal-Mart isn't doing this to cut overall compensation costs from current levels and thus to make more profit (
), they are just doing it to keep overall compensation costs from rising, right? This post was edited on 10/8/14 at 6:42 am
Posted on 10/8/14 at 6:41 am to SpidermanTUba
Looking, but here are some keys points
Rabble Rabble Rabble, big bad Walmart is only in it for the $$$....
Heres the closest thing I can find to costs
So the cheapest plan for Walmart costs the employee somewhere around $500 a year... THAT IS DIRT frickING CHEAP.
I'd estimate Walmart pays about $3-4k per employee on that plan
LINK
quote:
For Wal-Mart, that push from the individual mandate contributed to an influx of workers who signed up for coverage, jacking up costs. Wal-Mart, the country’s largest private employer, with about 1.4 million employees, forecasts that its health-care costs will rise by $500 million more than it had expected in the year ending Jan. 31, 2015.
quote:
Several other retailers already have moved away from providing health insurance to part-time workers. Target Corp. TGT -1.19% earlier this year said it would stop offering such benefits, citing options available through public exchanges. Home Depot Inc. HD -0.85% last year ended health-care coverage for almost 20,000 part-time workers, while United Parcel Service Inc. UPS -2.16% cut coverage for workers’ spouses who had access to insurance through their own employers.
Rabble Rabble Rabble, big bad Walmart is only in it for the $$$....
Heres the closest thing I can find to costs
quote:
Wal-Mart also is raising premiums for all workers next year. About 40% of enrolled workers are on its least expensive and most popular plan and will now pay $21.90 per two-week pay period, a 20% increase, starting Jan. 1. Across all three plans, Wal-Mart said it estimates workers will pay an additional $10 a pay period. The average Wal-Mart hourly worker earns $11.81 an hour.
So the cheapest plan for Walmart costs the employee somewhere around $500 a year... THAT IS DIRT frickING CHEAP.
I'd estimate Walmart pays about $3-4k per employee on that plan
LINK
Posted on 10/8/14 at 6:45 am to Lsut81
quote:
So the cheapest plan for Walmart costs the employee somewhere around $500 a year... THAT IS DIRT frickING CHEAP.
I'd estimate Walmart pays about $3-4k per employee on that plan
You'd estimate? Based on what? A presumption about what kind of plan Wal-Mart was making available to its part time employees?
So part time Wal Mart employees should expect a raise of 3-4k/yr in your opinion?
This post was edited on 10/8/14 at 6:48 am
Posted on 10/8/14 at 6:47 am to SpidermanTUba
quote:
Besides I am sure Wal-Mart will be paying them the difference in what they were chipping in, right? Since they love their employees.
How about you read the article I posted.. Walmart's average hourly employee makes almost $12 an hr. That is DAMN good for the retail game.
I hate Walmart as much as the next guy, but your ignorant, blind hate of them because they "Hate their workers" is hilarious. Walmart employees have it better than a lot of employees out there.
Posted on 10/8/14 at 6:49 am to Lsut81
quote:
How about you read the article I posted.. Walmart's average hourly employee makes almost $12 an hr. That is DAMN good for the retail game.
$12/hr + 3-4k /yr in health benefits according to you. So now is it going to be $12 / hr + nothing ( a net compensation CUT) - or is it going to be ~$14.50 /hr? (net compensation stays about the same)
This post was edited on 10/8/14 at 6:56 am
Posted on 10/8/14 at 6:55 am to SpidermanTUba
quote:
So part time Wal Mart employees should expect a raise of 3-4k/yr in your opinion?
Nope, Walmart is a public company and is going to shift those savings to offset the increases costs of healthcare across the board. They didn't have to give insurance to their part timers, they did it as a perk, and this law has now driven them away from providing it.
As the article states.
quote:
forecasts that its health-care costs will rise by $500 million more than it had expected in the year ending Jan. 31, 2015.
That is just the current year. They underestimated by 500m in healthcare costs. They are prob looking at another 50-100M increase for plan year 2015. That money has to come from somewhere and the employees are the ones that will suffer. Thank your asinine leaders in Washington for that
Posted on 10/8/14 at 6:55 am to SpidermanTUba
quote:
$12/hr + 3-4k /yr in health benefits according to you. So now is it going to be $12 / hr + nothing ( a net compensation CUT) - or is it going to be ~$14.50 /hr? (net compensation stays about the same)
If you hadn't voted based on your fat, stupid feelings, this stupid legislation would not have passed and these people would still have their health insurance.
Once again, why do you hate poor people so much?
Posted on 10/8/14 at 6:58 am to Lsut81
quote:
Nope, Walmart is a public company
They are a publicly traded privately owned company.
quote:
and is going to shift those savings to offset the increases costs of healthcare across the board.
So they are going to cut overall part-time employee compensation in order to give full-time employees an overall compensation raise?
How did they deal with rising healthcare costs prior to RomneyCare?
Posted on 10/8/14 at 6:59 am to CamdenTiger
quote:
How can these part-timers afford the ACA, without huge Gov't support/debt??? How do they make enough to warrant any part-time job? Just a question for those who know more than me on the issue???
This is what the plan was about. Push everybody on to single payer.
Posted on 10/8/14 at 7:00 am to Vols&Shaft83
quote:
If you hadn't voted based on your fat, stupid feelings, this stupid legislation would not have passed and these people would still have their health insurance.
Sorry, but what did you say was the difference between their expected RomneyCare subsidies and what Wal-Mart was previously contributing?
quote:
Once again, why do you hate poor people so much?
You're the one with the answers to that question! They're unproductive, lazy, and society just doesn't need them - except as poster-children - right?
This post was edited on 10/8/14 at 7:01 am
Posted on 10/8/14 at 7:02 am to redandright
quote:
Push everybody on to single payer.
The Republicans are free to offer alternatives. So far pretty much all they've offered is RomneyCare-Light and the frick the Plaintiffs and All Will Be Good program.
This post was edited on 10/8/14 at 7:03 am
Posted on 10/8/14 at 7:05 am to SpidermanTUba
quote:
Yeah but they'll get much more than one penny in subsidies by buying RomneyCare - soooooo, the question is whether or not their subsidy from the government is bigger than what Wal Mart was paying them.
gotta love liberals logic (or lack there of). Liberal position turns out to be a failure or a complete bullshite say it was a conservative or republican idea to start out with.
Oh you mean the subsidies that come the exchange that only the states are suppose to set? If you and the dem politicians had read the bill you would know that.
Posted on 10/8/14 at 7:08 am to SpidermanTUba
quote:
Sorry, but what did you say was the difference between their expected RomneyCare subsidies and what Wal-Mart was previously contributing?
So instead of a private company absorbing the costs, the public now will. Since Walmart is evil, why do you want the taxpayers to fund their health care?
Why do you love Walmart so much, and hate your fellow citizens so much?
quote:
You're the one with the answers to that question! They're unproductive, lazy, and society just doesn't need them
I didn't vote for them to lose their health care, you did.
This is wrong TUba, your burning hatred of these poor people, and it sickens me.
Posted on 10/8/14 at 7:09 am to WeeWee
quote:
gotta love liberals logic (or lack there of). Liberal position turns out to be a failure or a complete bullshite say it was a conservative or republican idea to start out with.
Sorry, but was Romney not a Republican?
quote:
Oh you mean the subsidies that come the exchange that only the states are suppose to set?
That makes no grammatical sense.
quote:
If you and the dem politicians had read the bill you would know that.
I'm sure the Republicans in Congress will have no problem with correcting the language in the bill so that these poor folks can get some health care, because the Republicans love poor people, right?
If not, I'm sure the Republican state governors who rejected state run exchanges and the Medicaid expansion would love to help poor folks out by changing their decision, right? We know from how they feel about Wal Mart employees that the plight of the poor is their #1 concern.
This post was edited on 10/8/14 at 7:11 am
Posted on 10/8/14 at 7:14 am to SpidermanTUba
quote:
SpidermanTUba
quote:
The Republicans are free to offer alternatives. So far pretty much all they've offered is RomneyCare-Light and the frick the Plaintiffs and All Will Be Good program.
Learn to use google/bing
McCain's plan vs Obama's lie in '08
Posted on 10/8/14 at 7:15 am to Vols&Shaft83
If I remember correctly, Wal Mart was all in for Obama Care.
It puts their smaller competitors at a disadvantage.
It puts their smaller competitors at a disadvantage.
Posted on 10/8/14 at 7:18 am to WeeWee
quote:
McCain's plan vs Obama's lie in '08
McCain's plan was to give the big government handouts without the mandate, and would have similarly failed if states had refused to do their part. The state-run risk pools for patients with pre-existing conditions, for instance - useless if not actually implemented. Regardless - NOT a universal health care plan.
This post was edited on 10/8/14 at 7:19 am
Posted on 10/8/14 at 7:19 am to redandright
quote:
If I remember correctly, Wal Mart was all in for Obama Care.
IIRC, Wal-Mart coming out an supporting it was the tipping point to getting it passed. Even dems were saying that the bill was dead in the water if wal-mart didn't support it.
Posted on 10/8/14 at 7:20 am to dcrews
quote:
I can only surmise that it was originally intended as a job perk to attract top employees, along with matching 401k's (or even offering them), pensions, more vacation, etc.... Why are employers forced to offer
This was done in WWII when FDR instituted wage control.
This was a way to get around it.
Ain't government great?
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