Lone Pine JB
UKC Forum Member
Registered: Sep 2004
Location: Brookville, PA
Posts: 2461 |
Are You Paying the Wal-Mart Tax?
A new report from the AFL-CIO shows that Wal-Mart’s refusal to pay decent wages and provide affordable health insurance is costing state taxpayers millions to provide health care coverage to Wal-Mart workers.
As employer-based health care declines, many working families have been forced to rely on public health care programs to secure coverage. The result has been exploding Medicaid costs that are breaking state budgets.
Three states have enacted the Health Care Disclosure Act, which requires them to report which employers’ workers are relying on taxpayer-funded health care programs to cover their families. Thanks to public pressure from the AFL-CIO, unions, and allies, 23 states total have issued public reports.
The reports show that Wal-Mart’s workers rely on public funds for health care more than employees from any other company. In at least 19 of the 23 states reporting, Wal-Mart was the No. 1 employer with workers on the public health care rolls.
In Washington state, almost 20 percent of Wal-Mart employees get their health benefits from the state. In Arizona and Maine, 10 percent got state coverage. In New Jersey, Wal-Mart is the eight-largest employer, but it has more workers on the public health rolls than anyone else.
You can learn how Wal-Mart’s refusal to provide adequate health care coverage is costing taxpayers by downloading our new AFL-CIO report:
The Wal-Mart Tax: Shifting Health Care Costs to Taxpayers (PDF)
Wal-Mart is the nation’s largest employer, with 1.39 million workers in 2005. It rakes in profits at a rate of more than $21,000 per minute. Its CEO earned $17.5 million in 2005, and five members of the Walton family are on the list of the 10 wealthiest Americans.
And the company has wrung at least $1 billion in economic development assistance from state and local businesses in the past 20 years.
Yet despite record profits, Wal-Mart still refuses to provide decent health care coverage for its workers. The result is millions and millions of dollars drained from state coffers as taxpayers pay health care costs for many Wal-Mart employees.
Lawmakers in more than 30 states are working to pass the Fair Share Health Care Act, already enacted in Maryland. The legislation would make sure that large, profitable companies like Wal-Mart pay their fair share of covering their own employees’ health care in those states.
Our new AFL-CIO report details the impact of Wal-Mart’s stingy behavior on taxpayers and state budgets. Download the report today:
The Wal-Mart Tax: Shifting Health Care Costs to Taxpayers (PDF)
http://www.aflcio.org/corporatewatc...port_031406.pdf
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"All that is necessary for the triumph of evil is that good men do nothing." (Edmund Burke)
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