Walmart Cancels Insurance for 30,000 Due to ObamaCare

Walmart to End Health Coverage for 30,000 Part-Time Workers (The New York Times)

Walmart Stores, the world’s largest retailer and the nation’s largest private employer, said on Tuesday that it would terminate health insurancecoverage for about 30,000 part-time workers, joining a string of retailers that have rolled back benefits in response to the Affordable Care Act.

Starting on Jan. 1, Walmart will no longer offer insurance to employees working less than an average of 30 hours a week, a move the retailer said was in response to an unexpected rise in health care costs.

“This year, the expenses were significant and led us to make some tough decisions,” Sally Welborn, Walmart’s senior vice president for global benefits, said in a blog post announcing the changes.