◼ Target to Drop Health Insurance for Part-Time Workers - Alex Wayne/Bloomberg
Target Corp. (TGT) will end health insurance for part-time employees in April, joining Trader Joe’s Co., Home Depot Inc. and other U.S. retailers that have scaled back benefits in response to changes from Obamacare.
...The health law requires all companies employing 50 or more people to offer health insurance to those working at least 30 hours a week starting in 2015. Those that don’t comply may be liable for fines of as much as $3,000 per worker.
“Health-care reform is transforming the benefits landscape and affecting how all employers, including Target, administer health benefits coverage,” Jodee Kozlak, Target’s executive vice president of human resources, said in yesterday’s web posting. She cited “new options available for our part-time team, and the historically low number of team members who elected to enroll in the part-time plan.”
◼ More victims of Obama’s signature legislation, aided and abetted by most Democrats - William Teach/Right Wing News
◼ Moody's slashes outlook on insurers, cites Obamacare 'uncertainty' - Philip Klein/Washington Examiner @philipklein
Credit ratings firm Moody's Investors Service on Thursday lowered its outlook for health insurers to "negative" from "stable," citing "uncertainty" swirling around the rollout of President Obama's health care law.
◼ 'Tsunami' of store closings seen hitting retail... - CNBC
