Walt Mart Supports Employer Health Insurance But Employees Say Wal-Mart’s Plan is "too expensive"
Posted Jul 03 2009 2:06pm
Only a little over 50% have opted for the employer insurance plan, as when wages are $7.00 to $10.00 an hour, over 20% of their income goes towards health insurance. With stats as such it would seem logical that Wal-Mart would maybe entertain the government insurance plan too so the rest of the employees can also have coverage. BD
While mega-retailer Wal-Mart announced yesterday that they supported an employer-funded health care plan, in accordance with the Obama administration's proposal, only 51.8 percent of the estimated 1.4 million Wal-Mart employees currently have taken the mega- retailer up on their health care offer. "It's too expensive," said 20-year Wal-Mart department manager Jill Terry in an interview today."It was costing me $400 a month and on my salary, I couldn't do it. Most people who work here can't afford it." In a letter to President Barack Obama, Bentonville-based Wal-Mart joined with Service Employees International Union, which has more than a million members, and the Center for American Progress in support of a plan to require employers to foot the bill for medical insurance. "We are for shared responsibility," wrote Wal-Mart CEO Mike Duke. "Not every business can make the same contribution, but everyone must make some contribution."
Terry, who works as a manager for the retailer at their number one store in Rogers, AR., said she opted instead for the insurance offered by her husband's place of work because it was 10 times cheaper than the plan offered by Wal-Mart.