What will WalMart do about the health insurance for its employees?
1 - Provide health insurance (the minimum required) at bout $4,000/ee at 1 million ee's, cost is 4 billion. After taxes, cost is really $2.6 billion at a 35% tax rate.
2 - Provide nothing and pay $2,000/ee = 2 billion tax (not a penalty, thanks John Roberts)
3 - Limit all ee's to 25 hours. And do neither. If the avg ee works 40 hours, and they have 1 million, that is 40 million hours. So 40 million/25=1.6 million. So they would limit to 25/week and hire 600,000 new part-timers.
Also, if it is #2 or 3, the government will be providing free health insurance for all employees and immediate family members.
Ok, so i have to spell out everything. Yes, all will have to buy insurance, but if the family is below 200% of the poverty line, they will get a tax credit of as much as 12-13k for a family, paid straight to the insurer. And if they don't buy it, they make too little money to pay the penalty tax (well not penalty, because Justice Roberts said you can't call it a penalty, so extra tax...)
- 8 years agoFavorite Answer
oh, as cons almost always do... you left out the tiny fact that WalMart did ALREADY provide some minimal form of health insurance... and that, if I remember correctly, was very close to the minimum level, which is pretty low...
care to revise your figures?
EDIT: here's a story about it... it took me all of 2 seconds to Google it, which of course, you can't be bothered with...
as you can see, they seem to be passing it on to the employee, and it's about a 4.4 percent increase on average, which is lower than almost EVERY ANNUAL increase I've had over the past 10 years...
- Anonymous4 years ago
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- InvisigothLv 78 years ago
they will go w/ a version similar to your #3. they will limit a certain percentage of their ee's to 25 or 30 hours---just under so that they don't have to legally offer them insurance & up the work load of the remaining ee's so they don't have to hire more or as many new people.
to your additional details:
the government is not offering anything for free. those employees & family members are going to have to pay for it just like everyone else.
- tonalc2Lv 78 years ago
Your numbers are crazy.
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- Kiran CLv 78 years ago
Do what CostCo does. They provide insurance to their employees and still maintain a profitable business.
- carolehi5Lv 68 years ago
Election isn't official til December. Demand a recount and exposing the massive voter fraud already being exposed will give us a new and improved president which in turn, will give us all health insurance for WalMart employees and everyone else, that is problem free.
- Anonymous8 years ago
Use Employment agencies
Use contract labor
Just like 75% of the other U.S. employers that will be sabotaged by 0bamacare.Source(s): As if the federal government will outsmart the businessman .
- AlexLv 78 years ago
The government already provides health insurance for many of Walmart's low-wage employees. If they have a family, they're paid low enough to qualify for Medicaid. Most of the Walmart corporate employees probably have insurance already.
Also, Walmart makes around $15B in after-tax profit each year, so it's not like $2-4B in extra costs is going to bankrupt them. It just means they might have to cut their annual dividends from $1.60/share to $1.20/share.
- 8 years ago
It is a win-win-lose proposition. The companies win when they transfer employees to 20 hours, so then the employees can work two part-time jobs. The administration wins because they can claim that thousands or maybe millions of jobs have been created. The employee loses, oh well.
- Anonymous8 years ago
Cut hours mainly.
Obamacare was not thought out at all.