Wal-Mart warned this week that Obamacare will likely hurt holiday spending this year.
The nation’s largest retailer mentioned O-Care as a potential factor that will hurt consumer spending this year.
Wal-Mart pointed to the individual mandate requirement of the ACA as having the potential to weigh on consumers’ budgets.
FOX Business reported:
Looks like the Affordable Care Act has another potential critic: Wal-Mart (WMT).
The discount retail giant mentioned the ACA as a potential factor that will hurt consumer spending this holiday season on an analysts press call Thursday.
“While it is not coming through in customer research, we do know that some of our customers are concerned about the impact of the Affordable Care Act,” Carol Schumacher, vice president of investor relations said, according to the Wall Street Journal. “For many of our customers, having to afford health care and insurance may be another line item in their personal budget that they may not have had to cover previously.”
FOXBusiness.com reached out to Wal-mart for additional comment, but a spokesperson was not immediately available.
The retailer listed many reasons consumers might pull the purse strings tight this shopping season, and specifically pointed to the individual mandate requirement of the ACA as having the potential to weigh on consumers’ budgets.
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