There was public outrage following Wal-Mart’s announcement last week that they would cease offering health insurance to part-time employers, but, according to research from the Kaiser Family Foundation, the nation’s largest private employer is in good company: only 16 percent of employers offer health insurance to part-time staff.
In addition, premiums will rise for many existing workers, and the employer will cut its contributions to health savings accounts by 50 percent.
“Health care costs are continuing to go up faster than anyone would like,” said Greg Rossiter, a Wal-Mart spokesman. “It is a difficult decision to raise rates. But we are striking a balance between managing costs and providing quality care and coverage.”