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.
TGT shares were down slightly as of Thursday afternoon.
The opinions contained in this column are solely those of the writer.
Want to share your own views on money and politics? Drop us a line at [email protected] and we might reprint your views in our InvestorPolitics blog! Please include your name, city and state of residence. All letters submitted to this address will be considered for publication.