Health Insurance Reform – Why Wal-Mart Wants it
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Surprised that Wal-Mart wants an Employer Mandated Health Plan?
Wal-mart became sort of infamous for the less-than-generous health insurance plans that were provided to most of the store workers. Apparently these health plans would cover small bills, like doctor’s visits, keeping some percentage of employees happy. But the plans had limits, like mini-meds or specified benefit plans, that would max out if anybody needed to be covered for large health issues like hospital stays or cancer treatment.
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So why does the famous Uncle Scrooge want the government to come in and mandate a required minimum amount of health insurance now? Well, apparently the megaloMarts health care costs are still higher than many of their competitiors. A mandated minimum may still come in under Wal-mart’s current cost, but over the cost of some of their major competitors like Target.
Also, a public option may be attractive, depending upon how the plan turns out. If Wal-mart could spend its coverage money on the public plan it may be better than the private sector alternative.
It is something to think about……
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