Target to stop health care coverage for part-time workers

[DuaneBidoux]

This discussion thread was locked as off-topic by Lasher (a host of the Latest Breaking News forum).

Source: CNBC.COM

Target said it will stop offering health coverage to part-time workers, citing new public insurance exchanges floated by the U.S. government.

Less than 10 percent of the company's 361,000 employees currently participate in the insurance plan that is being discontinued, Target said in a company blog post on Tuesday.

Read more: http://www.cnbc.com/id/101354869

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I've been shopping for a long time at Target as an alternative to Walmart. Any ideas for me now anybody?

[cullen7282]

1. I would be happy

I would be happy if my job stopped offering it. I could get it so much cheaper on the exchange after subsidies but, unfortunately, I don't qualify since it's offered through my job.

[mikeysnot]

2. that is the plan

dump the cost from the company and the worker to just on the worker and the government. And the savings will not be handed to the consumer in lower costs on goods. The cost savings it will just be transferred to the top and not to higher paychecks to the worker, you know the people that actually do the work for the company...

[House of Roberts]

4. Target doesn't pay part of the premium for the part timers.

They just offered it so the part timers could participate in the same plan as the full timers.

They aren't losing anything, they are being given the freedom to get something better for less money.

The law required the part timers to stick with the company plan, but gives no subsidy.

[mikeysnot]

5. I was speaking on the whole and not just target.

Shame on target.

[DuaneBidoux]

6. Thanks for the heads up, however...

If they were really after the freedom for people to choose wouldn't they give the employees the option of continuing with their current plan or getting the stipend?

[House of Roberts]

7. What stipend?

If they continue the current plan within the corporation, none of the part timers are eligible to go to the exchanges and get a subsidy.

They are getting a $500 payment from the company if they are on the company plan. Just for having had the company plan.

Plus, if these are younger, healthy individuals, it improves the pool in Obamacare!

[Fortinbras Armstrong]

3. To quote Adam Smith

"All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind."

[Lasher]

8. Locking, dupe.

Please continue discussion here.