Free Market Evaluation - Send us your resume and we will give you free feedback
Allied Irish Bank Sues Citibank for Fraud
Allied Irish Bank Sues Citibank for Fraud
Record-Setting Settlement for Gulf of Mexico Oil Spill
Record-Setting Settlement for Gulf of Mexico Oil Spill
Beck’s Beer Loses False Advertising Suit, Beer Actually Brewed in the U.S.
Beck’s Beer Loses False Advertising Suit, Beer Actually Brewed in th...
General Electric to Sell Most of Its Fleet-Financing Business
General Electric to Sell Most of Its Fleet-Financing Business
Legal Job Listings
Download PDF

120,000 Walgreens Employees Get on Board with Private Health Care View Count: 79

Walgreens Co. is shifting approximately 120,000 of its employees to private health insurance exchange. The Walgreens employees will be moved from direct carriers of health insurance along with “17 other large employers…as part of a growing movement to offer employees fixed dollar amounts to purchase their own plans on such exchanges.” This plan will definitely be more cost effective to the company, whose bottom line is surely affected by the rise in health care and related health costs for its employees.

Employees will choose what level of coverage they want and pay more or less depending on their choice. With the new arrangement, they actually will get more choices regarding who their health care providers are, as well as what their deductibles are etc.

Paul Fronstin, senior research associate with the Employee Benefit Research Institute asks, “what happens to employer contributions over time? Will they put in as much as they put in the past? These are unanswered questions but potential negatives.” At this time Walgreens’ cost-savings and benefit in this new deal are not clear.

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




According to Accenture Research, in a few years time, almost 20 percent of employees nationwide can attain their health insurance through a private exchange.

By 2015, more than 30 percent of large employers will also move in this direction. Walgreens is the largest drug retailing chain in the United States. They operate 8300 stores in the 50 states, including Puerto Rico and Guam. Their 2012 revenue was recorded at 71 billion dollars.

120,000 Walgreens Employees Get on Board with Private Health Care by

Tagged: , , , , , , ,

Jaan Posted by on September 19, 2013. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Accountant for Law Firm
USA-FL-Pensacola
Cutting-edge law firm seeks experienced Staff Accountant to join their team! This position offers job security, flexibility, work-life balance, and competitive salary. Candidates should have 7 to 1...


Apply now

Related Posts: