Jan 13, 2007

Walmart - Health Insurance for employees

Some important things to note:

"Wal-Mart Stores Inc. released health insurance enrollment rates for its employees Thursday, highlighting that more than 90 percent of its workforce is insured.

At the same time, the nation's largest private employer, based in Bentonville, Ark., also noted that less than half of its 1.3 million workers -- 47.4 percent -- are enrolled in Wal-Mart's own health program, despite recent changes that offer broader eligibility and low-cost policies.

More than 22 percent of Wal-Mart employees get their health care through their spouse's employer, 8.7 percent are covered through government programs such as Medicare, Medicaid or the military, and nearly 10 percent go without any health insurance, based on the fall 2006 enrollment period."

"Wal-Mart's employee enrollment figures buck national averages, which show upward of 84 percent of employees accept coverage offered by their employers."

"The company has seen employee enrollment rates increase from 41 percent in 2004 to 43 percent in 2005 t0 46 percent in 2006. In the past year, enrollment increased just over one percentage point."

The thing to note is that last year walmart after lot of media backlash intorduced new plans which were advertised as far better, but they increased coverage by only 1% - shows the rhetoric of Walmart. And also depicits the point that even after media pressure without regulation corporations on their own wont do anything which seriously impacts their bottom line.

Article:
Most workers at Wal-Mart insured; half avoid its plan
Many get health coverage through spouse or government, but nearly 10% go without it

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