Wal-Mart Stores Inc., the largest private-sector employer in the U.S., will cut medical benefits to about 30,000 workers in response to mounting health-care costs and the growth of alternatives available under Obamacare.
Wal-Mart will no longer provide health coverage to employees who work less than 30 hours a week, according to a statement on its website. The change is in line with moves by fellow retailers, including Target Corp., Home Depot Inc. and Walgreen Co., the company said.
“We don't make these decisions lightly, and the fact remains that our plans exceed those of our peers in the retail industry,” Sally Welborn, senior vice president of global benefits, said on the company's blog.
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