ObamaCare Working The Way It Was Supposed To? The 30-Hour Rule -- October 7, 2014

Huffington Post is reporting:

Wal-Mart Stores Inc. plans to eliminate health insurance coverage for some of its part-time U.S. employees in a move aimed at controlling rising health care costs of the nation's largest private employer.

Starting Jan. 1, Wal-Mart told The Associated Press that it will no longer offer health insurance to employees who work less than an average of 30 hours a week.

The move, which would affect 30,000 employees, follows similar decisions by Target, Home Depot and others to eliminate health insurance benefits for part-time employees.

Wellborn says the company will use a third-party organization to help part-time workers find insurance alternatives: "We are trying to balance the needs of (workers) as well as the costs of (workers) as well as the cost to Wal-Mart."

The announcement comes after Wal-Mart said far more U.S. employees and their families are enrolling in its health care plans than it had expected following rollout of the Affordable Care Act. Wal-Mart, which employs about 1.4 million full- and part-time U.S. workers, says about 1.2 million Wal-Mart workers and family members combined now participate in its health care plan.

That has had an impact on Wal-Mart's bottom line. Wal-Mart now expects the impact of higher health care costs to be about $500 million for the current fiscal year, or about $170 million higher than the original estimate of about $330 million that it gave in February.

This blog talked about the "30-hour" from the beginning.  Folks will now need two jobs to reach 40 hour+/week and neither employer will provide health care coverage. And restaurants are now adding a surcharge to cover ObamaCare expenses. Thank you, Mr Obama. 

And most of ObamaCare is yet to kick in. There's a reason the GOP is letting this debacle play out.