Thursday, February 19, 2004

Wal-Mart: The Evil Empire

A very strong argument to do your shoping elsewhere.

Update: There is something very troubling about this.

"Huge employee premium payments and big deductibles keep participation in Wal-Mart's health plan to 38% of employees. That's 6 out of every 10 employees--more than 425,000 Wal-Mart employees, most of them women, who have no company provided health coverage. Nationally, more than 60% of workers are covered by company paid health plans. There's more: Wal-Mart workers pay insurance premiums that cover close to half of Wal-Mart's health plan expenses. The national average shows that employee premiums cover just over 25% of health plan expenses incurred by companies nationwide. The Real Story is that Wal-Mart freely acknowledges shifting its health care costs to taxpayers and responsible employers. A company spokesperson said, "[Wal-Mart employees] who choose not to participate in [Wal-Mart's health plan] usually get their health-care benefits from a spouse or the state or federal government." Wal-Mart is the biggest beneficiary of its health plan because the company shifts $1 billion in health care costs to the government and responsible employers."

--Wal-Mart Watch.com

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