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re: Re: Obamacare; Walmart cuts insurance benefits for 30k employees
Posted on 10/8/14 at 9:17 am to mmcgrath
Posted on 10/8/14 at 9:17 am to mmcgrath
quote:
The problem with that is that there is no direct link between the two
quote:
Then the ACA happened. It caused two events:
1) WalMart could no longer offer crap insurance. So the "insurance" policies had to actually become something of value, for which WalMart raised the costs.
2) In spite of the increased costs, the insurance policies became something of value enough that more employees bought it at the higher price than did when it was cheaper. WalMart didn't really want this because then it would actually have to contribute to health plans for a good chunk of employees.
In short: Employees aren't losing their crap insurance from before. They wanted real insurance which WalMart offered for a year until people actually signed up for it.
Liberal logic. Proves himself wrong.
So Walmart offers what it deems appropriate for PT workers who about 1/2 sign up for. Then ACA forces WM to offer something that they can't afford/don't want to pay for. Now they cancel their benefit and funnel people to the marketplace where healthy, middle class workers pay the burden of subsidies.
1
Posted on 10/8/14 at 10:27 am to Cracking
quote:Wrong. They offered something to the part timers but would have to pull it if too many people signed up... if you believe their logic. This was with or without the ACA.
So Walmart offers what it deems appropriate for PT workers who about 1/2 sign up for. Then ACA forces WM to offer something that they can't afford/don't want to pay for. Now they cancel their benefit and funnel people to the marketplace where healthy, middle class workers pay the burden of subsidies.
As an indirect result of the ACA (or so WalMart claims), more employees signed up for insurance (don't we want this?)
Nothing in WalMart's statement said anything about the cost per employee going up, only that the ACA was somehow responsible for more employees signing up for insurance, which WalMart didn't want to support.
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