Thanks Obama. Thanks Democrats.
Target Corp. announced in a blog post Tuesday that it would no longer offer health insurance coverage to part-time employees.
The Hill reported:
Target Corp. announced on Tuesday it would no longer offer healthcare coverage to its part-time employees.
In a blog post on the company’s website, Jodee Kozlak, the executive vice president of human resources, framed it as a positive development for part-time employees of the company.
“The Health Insurance Marketplaces provides new options for healthcare coverage that we believe our part-time members may prefer,” she wrote. “In fact, by offering them insurance, we could actually disqualify many of them from being eligible for newly available subsidies that could reduce their overall health insurance expense.”
Kozlak added that at present, fewer than 10 percent of part-time employees that are eligible have actually enrolled in the company’s healthcare plan.
“Our decision to discontinue this benefit comes after careful consideration of the impact to our stores’ part-time team members and to Target, the new options available for our part-time team, and the historically low number of team members who elected to enroll in the part-time plan,” Kozlak continued.
The company’s new policy goes into effect on April 1, 2014. Consumers have until mid-March to sign up for ObamaCare to be eligible for coverage this year.