Cindy Zeldin, Federal Affairs Coordinator for the Economic Opportunity Program, writes that mega-retailer's abandonment of traditional health insurance in favor of high-deductible health insurance takes the benefits squeeze to a whole new level: it puts a dagger through the heart of the very concept of insurance.
According to an analysis by Wake-Up Wal-Mart, which supplied the internal corporate memo to the media, a full-time Wal-Mart worker could spend as much as 60 percent of his or her income on family health expenses before reaching the out-of-pocket maximum.
