Monday, November 5, 2018
Private healthcare cost
The average annual cost of private health care per employee is $10,000 and the employer pays 80% of that or $8,000. Walmart has 1.5 million employees so their cost for health care is $11 billion. Last years tax law that reduced corporate income tax saved Walmart 2 billion in taxes. Many of the same people who were against lowering corporate taxes are pushing to have government paid health care for all. From a business standpoint Walmart would give up their tax cut to get rid of health care cost. Other large corporations would see similar cost savings so most would be for national health care.
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