Posted by Tina
The Washington Examiner posts surprise findings from a comparison between Walmart’s insurance plan and the health exchange plans under Obamacare. All of those Walmart haters that have criticized the company for its inferior healthcare plan should now begin to tone down the rhetoric on Walmart. The President called such private plans “substandard”. It’s time he backed off on his rhetoric as well.
Here’s a sampling of the findings from a report by independent insurance agents affiliated with the National Association of Health Underwriters and various health policy experts who participated in the study:
Walmart offers its employees two standard plans, a Health Reimbursement Account and an alternative it calls “HRA High” that costs more out of employees’ pockets but has lower deductibles. Blue Cross Blue Shield manages both plans nationally.
Also offered is a Health Savings Account plan that includes high deductibles but allows tax-free dollars to be used for coverage.
For a monthly premium as low as roughly $40, an individual who is a Walmart HRA plan enrollee can obtain full-service coverage through a Blue Cross Blue Shield preferred provider organization. A family can get coverage for about $160 per month. …
…Low premiums are not the only distinguishing feature of the Walmart plan. The retailer’s employees can use eight of the country’s most prestigious medical facilities, including the Mayo Clinic, Pennsylvania’s Geisinger Medical Center and the Cleveland Clinic.
At these institutions, which Walmart calls “Centers of Excellence,” Walmart employees and their dependents can get free heart or spinal surgery. They can also get free knee and hip replacements at four hospitals nationwide.
Many top-rated Walmart hospitals — such as the Mayo and Cleveland clinics — are left out of most Obamacare exchange plans.
Walmart also offers a free preventive health plan that mirrors the Obamacare plan. Its employees can take advantage of a wide range of free exams and counseling, including screenings for colorectal cancer, cervical cancer, chlamydia, diabetes, depression and special counseling for diet and obesity.
Their children can get more than 20 free preventive services, ranging including screenings for genetic disorders, autism and developmental problems to obesity, lead poisoning exposure and tuberculosis. There are also 12 free vaccinations, and free hearing and vision testing.
Walmart employees pay as little as $4 for a 30-day supply of generic drugs and only $10 for eye exams through a separate vision plan.
Walmart’s health coverage is better than Obamacare coverage…let the howling and protests at the exchanges begin!