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Obamacare News: Target Drops Health Insurance for Part-Time Employees

Target's part-time employees will still receive dental

   

Target (TGT), announced on Tuesday, that it is cutting health insurance to part-time employees.

target-obamacare-tgt-stock
Source: mailto:letters@investorplace.com

Target claims that it’s ending its health-insurance offers to part-time employees because Obamacare health insurance is the better option. To help with the change, Target is giving any part-time employee who had health insurance through the company $500. Target says that only around 10% of its part-time employees are enrolled in health insurance through the company, reports The Washington Times.

Target also noted that it will continue to offer vacation, dental, disability, life insurance and 401(k) benefits to part-time employees, The Washington Times notes.

Target, which is currently recovering from a massive data breach, also announced that it will be laying off 475 workers.

TGT shares were down slightly as of Thursday afternoon.

The opinions contained in this column are solely those of the writer.
 
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