Over and over again Wal-Mart takes bows for minimalist actions of good. They have a great PR department.
Now, they are getting lots of unquestioned publicity because the big spenders are giving their employees phony baloney health insurance. Don't buy it. Check it out for yourself.
The average cashier at Wal-Mart makes $15,000 per year.
The deductible is $1000 per person. So a 3 person family has a $3000 deductible. On 15M per year.
Read This:
The plan would have most individuals pay about $25 per month, and $65 for a family. A single parent would pay $37 per month. The plan has a $25,000 cap for a worker's first year with the insurance.
Wal-Mart Watch, a group that has called for Wal-Mart to offer better pay and benefits, said the new health plan is designed to meet the needs of only young, healthy people. Group spokeswoman Tracy Sefl also said it is impractical to expect Wal-Mart workers to be able to afford to pay into health savings accounts.
So, the big shots take the existing plan, jerk everyone around a bit, cap benefits, and get lots of favorable press.
They make me sick.
OH and,
Shares of Wal-Mart rose 11 cents to $45.83 in morning trading on the New York Stock Exchange.
GREED IS GOOD, Wal-Mart Proves it
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