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Wednesday, Sep 18
Walgreen to give workers payments to buy own healthcare coverage
- Walgreen (WAG) is today expected to become the latest major employer to make big changes to its health program, with the company set to give employees money so that they can buy their own coverage on an exchange.
- The reasons include rising healthcare costs and expenses related to complying with the new healthcare law, although it's not clear how much Walgreen will save from the move, which will affect 160,000 staff.
- Earlier this month, IBM and Time Warner said they will provide staff with funds to move them from company administered programs to exchanges.