Wal-Mart is leading the race to the bottom—it provides health insurance for fewer than half of its employees.
Of Wal-Mart’s 1.33 million employees in the United States,
6 only 48 percent are covered by the company’s health insurance plan.
7 Those employees whom Wal-Mart does cover receive relatively paltry benefits—the company spends only about $2,660 annually per covered employee for health benefits.
8 In contrast, Wal-Mart’s leading competitor, Costco, covers 80 percent of its workers
9 and spends $5,735 per worker for health benefits.
10 Although Wal-Mart announced a lower-premium health insurance option in late 2005, high deductibles, copays, and an overall benefit cap make the plan much less affordable than the insurance offered by competitor companies.