The Phaserl


Thanks Obamacare: Target Abandons Employees, Drops Part-Timers From Healthcare Plan (And Fires Others Just In Case)

from ZeroHedge:

Effective April 1st, Target announced today that it would no longer offer healthcare coverage to its part-time employees. As The Hill reports, Target’s HR executives ‘spun’ the decision as good for the employees…”by offering them insurance, we could actually disqualify many of them from being eligible for newly available subsidies that could reduce their overall health insurance expense.” The company will provide a $500 cash payment to “minimize disruption,” and specifically calls out Obamacare as “providing new options… that we believe our part-time members may prefer.”Of course, just for good measure, Target is cutting 475 jobs and chooing not to fill a further 700 open positions – again, we presume, to minimize disruption (to their bottom line).

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