http://www.dailykos.com/story/2015/08/20/1413898/-Wal-Mart-s-earnings-hit-by-Obamacare-Thanks-Obama?detail=email
While Walmart will probably find some way to recoup the losses that ends up punishing their employees, this is still kind of gratifying.
Wal-Mart Stores Inc.’s took a hit from the Affordable Care Act during the second-quarter. […]
Much of that was due to fewer customers paying for drugs with cash, which has higher margins, said Greg Foran, head of Wal-Mart’s sprawling U.S. operations. Fewer cash payments reflect “a marketplace shift in which more customers are now benefitting from greater drug insurance coverage,” he said, during a pre-recorded earnings conference call.
That's because one of the things that has to be included in policies now as a result of the law is prescription drug coverage. It's one of the ten essential health benefits that plans on the exchange, small group plans, and Medicaid and Medicare had to offer beginning January 1, 2014. Most employer-based insurance plans already provide it. People aren't having to fork over as much cash for their prescriptions now that they have insurance to help pay for them, and Walmart is feeling the pinch.
i see it as ObamaCares working for the American people as to Walmart hard to feel sorry for a mega corporation who ask it's employees to help those fellow lower waged employees with food so they might eat while raking in 482.2 billion with a capital "B" IN 2014 fiscal ending this past Jan. 2015
read article and see what they returned to shareholders and what it leaves them make sure you're seated!! how will they now punish those same employees to get back the pennies they lose by Americans being helped with prescriptions you would think refusal to pay a living wage might do the trick but greed knows no limit more=more.
