Recent

% | $
Quotes you view appear here for quick access.

Wal-Mart Stores Inc. Message Board

  • changingwmt changingwmt Jun 15, 2013 6:18 PM Flag

    California Bill Takes Aim at Walmart's Billion-Dollar Benefits Subsidy

    Now, the nation's most populous state is trying to stop Walmart from sticking the public with part of the bill for its employees' health care.

    Legislation is now making its way through the California legislature -- with the support of consumer groups, unions and, interestingly, physicians -- that would levy a fine of up to $6,000 on employers like Wal-Mart for every full-time employee that ends up on the state's Medi-Cal program -- the California incarnation of Medicaid.

    Ungar says the bill "has a very good chance of becoming law," since Democrats have supermajorities in both houses of the state legislature. (In order to pass in California, the proposed legislation needs a two-thirds vote in the Senate and the Assembly.)

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
WMT
75.86-0.25(-0.33%)May 22 4:00 PMEDT