Wal-Mart Supports Obama's Large Employers Health Mandate
San Francisco-based Wal-Mart retail store has expressed strong support for health insurance coverage for its employees in line with President Obama's push for maximum workers' compensation amid economic crisis.
Executives of San Francisco-based Wal-Mart Stores Inc. has written a letter addressed to US President Barack Obama on Tuesday to express support in his campaign that pushes for workers compensations, particularly on health insurance and other health benefits.
President Obama plans to overhaul the US healthcare system by shelling out some $2.5 trillion in support of the campaign.
Obama, in his speech, said that campaign will cover some 46 million American who remained uninsured.
Those who signed the letter of support were Wal-Mart CEO Mike Duke, Service Employees International Union President Andy Stern, and Center for American Progress CEO John Podesta.
Wal-Mart is the US’s largest private employer. The company has recently come under fire from labor groups and other pro-labor critics accusing them of mistreatment and inadequate healthcare coverage to all of its employees.
Since then, largest chain of retail stores worldwide has worked its way in the workers compensation-friendly level and offered workers with healthcare initiatives. One of the most common of these programs is the $4 generic drug scheme.
In a statement, Wal-Mart said that by abiding Obama’s mandate, the company can actually save money by considering trade-off agreement on additional taxes against the promise of lowered health care cost.
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