Walmart to cut health benefits for part time employees

Walmart announced Tuesday that it plans to end health care benefits for 30,000 part-time employees and hike premiums for other employees beginning after the first of the year.

According to an Associated Press story, The nations largest employer will cut the benefits for employees who work fewer than 30 hours a week. The company promised to help employees who are losing their benefits to find new health care options.

According to a Wall Street Journal story, the retailer was looking at an increase of $500 million in health care costs for its 1.3 million associates.