It’s not just purchasers of health coverage on the Affordable Care Act exchanges who need to worry about whether their benefits will disappear or whether the price will balloon beyond their ability to pay. New Walmart employees—at online retailers the retail giant has acquired—are watching their employer-sponsored health coverage disappear.
The New York Times reports that in a little over a year, Walmart has sunk close to $4 billion into the acquisition of e-commerce companies that collectively employ thousands of workers. And as those acquisitions came under the Walmart umbrella, many of those workers are finding that their health care coverage is no longer even remotely affordable.
Walmart has long been criticized for skimping on its employees’ health care benefits, with many Walmart workers actually relying on Medicaid in the absence of employer-sponsored coverage within their reach. And while it did make coverage both more accessible and more affordable for a brief period about 10 years ago, that trend is now reversing itself.
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