If I understand this correctly, the $12 million comes from state provided
Medicaid benefits. Correct? Help me understand this - I thought Medicaid
was only for people with little income and few assets? How can people
working for Walmart have so little income that they qualify for Medicaid?
Even at min wage?
I'm not being a smart a$$ - I don;t understand how this works. And if
Walmart is doing this, are all businesses doing the same when they pay min
wage? Or do some pay min wage but provide health insurance for those
employees?
If that's what's happening (and I'm only guessing until someone sets me
straight) that reinforces my thought that whenever govt trys to manipulate
the economy the more things get screwed up. While I think Medicare and
Medicaid have helped a lot of people (I'm disabled and Medicare is my
primary insurance) I'm not sure what the total cost to the US economy has
been.
Just like Social Security - the total costs is not being accurately
portrayed to the public - since the money paid in is taken and used by
Congress and replaced with IOU's the true cost is hidden. Likewise, the
true federal deficit is triple what is normally shown.
Sorry about rambling -
Sincerely,
Larry T ('74 911, '67 MGB, 78 240D)
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----- Original Message -----
From: "David Brodbeck" <[EMAIL PROTECTED]>
To: "Mercedes Discussion List" <[EMAIL PROTECTED]>
Sent: Saturday, February 11, 2006 3:57 AM
Subject: Re: [MBZ] Walmart vs NAPA auto
Just ran across this today. The Washington State government is
subsidizing Wal-Mart to the tune of $12 million a year, by paying for
employee health care:
http://seattletimes.nwsource.com/html/localnews/2002791346_walmart07m.html?syndication=rss
The question is, is it really fair for an enormously profitable
corporation to improve their bottom line by pushing the cost of keeping
their employees healthy onto the taxpayers? They've found a way to
externalize one of the biggest expenses their competitors have.
If a company decided to stop maintaining its truck fleet's condition and
just run them until they broke, we'd say it was stupid. But when a
company like Wal Mart decides to stop "maintaining" their employees'
health and just use them until they go onto public assistance, it's seen
as a brilliant business move and they're rewarded for it.
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