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Archive for Friday, January 13, 2006

Bill requires Wal-Mart to spend more on insurance

January 13, 2006

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— Maryland legislators voted Thursday to enact a first-in-the-nation requirement that Wal-Mart Stores Inc. spend more on employee health care. The measure, touted as a money-saver for the state-supported Medicaid program, takes effect despite the governor's veto of the bill.

Labor unions have said they are seeking similar legislation this year in at least 30 other states. Supporters of the measure say the retailing giant unfairly takes advantage of taxpayer-funded health care plans because some workers are paid too little for them to afford Wal-Mart's health insurance.

The bill requires companies with more than 10,000 Maryland employees to spend at least 8 percent of their payroll on employee health care or pay the difference into the state's Medicaid fund. Of the state's large employers, only Wal-Mart spends less than 8 percent on health care.

Comments

just_another_bozo_on_this_bus 8 years, 11 months ago

"Of the state's large employers, only Wal-Mart spends less than 8 percent on health care."

Pretty much says it all.

Linda Endicott 8 years, 11 months ago

Though Wal-Mart is pretty bad about this, I don't for a moment think they're the only company that balks at paying for health insurance.

I know several people who work for other companies who don't have health insurance. They are offered health insurance, but they can't afford the price every month.

Remember a time when health insurance through work covered everything? There were no deductibles, no co-pays? I do. But that kind of coverage is gone forever. A lot of employers can't afford health insurance for their employees. Many of them try to provide it anyway, and many have had to close their doors because of it.

Are the employers at fault? The insurance companies? Health care costs?

I don't know what the solution is. But I'm afraid that more and more companies are not going to be able to cover the costs.

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