Wal-Mart and Health Care Coverage for Its’ Employees

Topics: Health insurance, Health care, Health economics Pages: 3 (852 words) Published: December 15, 2011
Mart and Health care coverage for its’ employees
Martha Jones
Argosy University

Wal-Mart and Health Care coverage for its Employees
Wal-Mart, the nation’s largest private employer is coming up with a more flexible health care plan that will be more affordable for its employees. The number one retailer in the nation decided that the new health plan would eliminate about $10000.00 deductibles in hospitals care and outpatient surgery, as well as offer more than 2,400 generic drugs to their employees for just $4.00.

Wal-Mart and Health Care coverage for its Employees
Wal-Mart is a company built on integrity, hard work, and pride. Sam Walton the owner and founder of Wal-Mart, Sams Clubs believed that in the end, all business operations could be reduced to three words: people, product, and profits. “Unless you've got a good team, you can't do much with the other two.” Wal-Mart business strategy is to keep prices as low as possible. Their vision statement is

“Wal-Mart’s mission is to help people save money so they can live better." Wal-Mart business
strategy tells a lot about how the company feels about their hard working dedicated associates,
whether they or full time or part time. Sam Walton's promise of a "better life for all" is a

questionable business practices. Wal-Mart limited health benefit plan was only offered to the

part - time associates and not their families. Restrictions and Exclusions Limiting Coverage for
worker.Wal-Mart requires workers to wait relatively long periods before becoming eligible

to buy into a Wal-Mart medical plan. These waiting periods are particularly important for

holding down the company’s health costs, because turnover rates appear to be very high among

the earlier limited health benefits left most of the employees uncovered implies that they might

have lacked access to quality health care due to the high cost. This implies that there were high

rates of...
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