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Wal-Mart Stores' U.S. employees will pay between 8 percent and 36 percent more in premiums for its medical coverage in 2013, prompting some of the 1.4 million workers at the nation's largest private employer to say they will forego coverage altogether.
In mailings sent to employees for its recently completed open-enrollment period, Wal-Mart noted that its rates would increase because health-care costs continue to rise.
For its most popular plan, which covers individuals, the payment per bi-weekly paycheck is going up by $2, or 13 percent. Other plans will see larger increases as the world's largest retailer, known for low prices, tries to control its own costs.
Wal-Mart Employees to Pay More for Health-Care Plans
Over the past two years, five states have quietly executed the Affordable Care Act’s largest coverage expansion to date, extending benefits to more than 500,000 Americans.
It’s not the high risk pools, nor is it the end to pre-existing conditions for kids. Instead, these five states have increased coverage by voluntarily participating in the health law’s Medicaid expansion early. That’s the exact same provision a number of Republican governors are now choosing not to implement.
The health law’s Medicaid expansion does not officially start until Jan. 1, 2014. It did, however, give states the option of starting enrollment even earlier. Five states – California, Connecticut, Minnesota, New Jersey and Washington — as well as the District of Columbia took the Obama administration up on the offer......
Obamacare's Medicaid expansion already covering a half-million Americans
Originally posted by Tw0Sides
reply to post by xuenchen
Two Dollars a week, and your Family can seek Medical Attention now.
That Obama is a Horrible , Horrible Man.
Must be a Socialist for sure.
the payment per bi-weekly paycheck is going up by $2, or 13 percent.
Originally posted by Grimpachi
I have a friend that his wife has her own business where she hags wallpaper but for years she has worked part time for Wal-Mart so she could get health insurance. The last time I talked to her she was saying she can’t wait for the new bill to into place because she will be able to afford insurance on her own and can leave Wal-Mart. She lost money by working there when she could have been dedicating the time to her business.
Originally posted by TheAngryFarm
Nothing wrong with this at all.
It's a basic premise of business. If your costs go up, your employees take home goes down.
Wal-Mart increases Medicaid expenditures by an average of $898 per employee, according to a study presented on Friday at a conference held by the company to examine the impact of Wal-Mart on the U.S. economy, the New York Times reports (Greenhouse, New York Times, 11/5). Wal-Mart held the conference, called "An In-Depth Look at Wal-Mart and Society," to address criticism of wages, health benefits and workplace policies and "examine its effect on jobs, inflation and income growth,"
According to the study, Medicaid expenditures increase by 1.5% for every 1% that the market share of Wal-Mart increases in a state. The study also found government cash aid to families decreases by 3.3% for every 1% that the market share of Wal-Mart increases in a state. The studies also indicate that Wal-Mart decreases wages in the communities in which it operates,
Originally posted by marg6043
reply to post by xuenchen
Let no forget that what almost bankrupted Massachusetts from where Obamacare is modeled was the out of pocket expenses, see is not and has never been regulation for cost and neither the amount of money that individuals have to come out with in co pays and out of pocket expenses.
After all Massachusetts got bailed out by the Fed and Obama, but who is going to bailout the Fed and Obama now.
That 15 dollar or 2 dollar insurance "that is nothing but a lie" will be overshadow when people have to shed money on the side, Medicaid is been already cut in many states due to over use of the system.edit on 12-11-2012 by marg6043 because: (no reason given)
Way back in 1985, under then-Gov. Michael Dukakis, Massachusetts set up a program called the Uncompensated Care Pool. Much like the name suggests, the pool is used to finance health care for those without insurance. Massachusetts financed the plan largely through assessments on hospitals and insurers. Under Romney’s administration In 2004, each industry paid in about $157 million to keep the pool running. That plan still operates today — under the name Health Safety Net – and covers health care needs that Massachusetts residents cannot afford.
Since the late 1990s, Massachusetts has also received additional Medicaid funds to enroll populations that other states traditionally do not cover. In 2005, when Romney was governor, the federal aid amounted to $550 million. As former Romney adviser John McDonough explains in his book “Inside Health Policy,” the funds were crucial to laying the foundation for universal health coverage. He takes us back to 2005, when the George W. Bush administration was getting ready to end that special funding arrangement:
Five years later, it’s largely federal funding that keeps Massachusetts’ universal coverage afloat. Since 2005, the state has twice renewed that federal waiver — the one Lizza and McDonough wrote about — to provide additional Medicaid dollars to the state.
The most recent renewal was last December 2011, when the state secured $26.75 billion in federal funds over the course of three years. It will, among other programs, continue to finance the universal coverage program.
So Massachusetts used not just federal Medicaid money but federal dollars above and beyond that Medicaid money to finance their health reforms.
Missouri: In early 2011, Walmart led all employers with 10,028 employees and their dependents enrolled in Missouri’s Medicaid program, known as MO HealthNet (MHN). Enrollees included 2,403 employees, 827 employee spouses, and 6,798 children of employees.
Even for employees who are eligible for coverage from Walmart, the costs of the plans that the company offers are unaffordable for many hourly associates, who earn an average of just $8.81 per hour. Walmart’s 2012 Associate Benefits Book, distributed to employees, advertises Medicaid and CHIP premium assistance programs for employees who eligible for Walmart’s health insurance but are “unable to afford the premiums.” The book then lists contact information for assistance programs by state.[