Knew this was coming....

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Since: Nov 11

Location hidden

#1 Sep 18, 2013
Walgreen Joins in Exodus of Workers to Private Exchanges
By Drew Armstrong - Sep 17, 2013 10:00 PM CT




Walgreen Co.(WAG), the biggest U.S. drugstore chain, will move its workers into a private health insurance exchange to buy company-subsidized coverage, the latest sign of how the debate over Obamacare is accelerating a historic shift in corporate health-care coverage.

Walgreen’s decision affects about 160,000 current employees and follows similar action this year by Sears Holdings Corp.(SHLD) and Darden Restaurants Inc.(DRI) As an alternative to administering a traditional health plan, all three will send their employees to an exchange run by Aon Plc.(AON) Fourteen more companies will join in 2014 when 600,000 people will participate, Aon said.

The insurance options offered by the private exchange are similar to those in the Affordable Care Act’s public exchanges, though workers will get their subsidies from their companies instead of the government, said Ken Sperling of Aon. While the private effort isn’t directly linked to Obamacare, the debate over the law has spurred a new look at cost-cutting by businesses, municipalities and consumers.

Companies are “tired of the volatility, the complexity and the cost” tied to traditional health plans, said Sperling, a national health exchange strategy leader at Aon.“Volatility, complexity and cost -- those are the things that run through health care right now.”

Since: Nov 11

Location hidden

#2 Sep 18, 2013
So what do you all think? Will this be better for us? For now I say "no".
Pretty positive

Oak Creek, WI

#3 Sep 18, 2013
TexasOutlaw wrote:
So what do you all think? Will this be better for us? For now I say "no".
Has I was reading this Good Morning America just said Walgreens has now joined this, joining sears, darden , IBM, time warner cable , not sure how it will be , but knowing WAGS just another way to screw employees

Since: Apr 12

Location hidden

#4 Sep 18, 2013
I would definitely assume we're looking at an increase in costs to us. While I have no idea what the actual differences will be, the article states that this is a way for companies to "cut costs"... and anytime the company cuts costs, more often than not, it's going to be at *our* expense. Admittedly, this isn't a subject I know the most on, but I would guess that we'll be looking at prices and coverage more towards what we would pay for current prices of insurance outside of Walgreens.
Jeff

Phoenix, AZ

#5 Sep 18, 2013
Generally speaking it's good and bad. It's good in that employees will be getting more choices to customize their plans. It's good that those on the lower end of the payscale will probably see the benefits from the "Obamacare" side of it. It's bad in that the people on the higher and medium end will likely see an increase in their costs.

Overall I think it's good. There were going to be increases in costs no matter what but I think this is a good start. But we'll have to wait and see what the actual structure of the plan is.
Camppy

Florence, SC

#6 Sep 18, 2013
Increase Cost and Decreased Coverage.
Debra Lawrence

Louisville, KY

#7 Sep 18, 2013
As with everything else that comes down from corporate, what it means is, we, the little people, the people who keep this company going, are going to get screwed again. If it doesn't benefit vice president or above, they don't care.

Since: Apr 13

Location hidden

#8 Sep 18, 2013
Hmm....I wonder if they'll be a glitch when everybody gets on the site to see their options.

Since: Mar 12

Location hidden

#9 Sep 18, 2013
My Best Work wrote:
Hmm....I wonder if they'll be a glitch when everybody gets on the site to see their options.
If it is a computer or technology designed or used by Walgreens, there is guaranteed to be a glitch.
Koja

O Fallon, IL

#10 Sep 19, 2013
A female sings this song, and I really like her voice. Light and soft. A little tough to pick out the lyrics as I really just remember the end of the chorus. It's probably not the exact lyrics, but it sounds like:

"Where everybody knows you."
"This song is part in honor of her...halo! halo! yeah." (Or something like that)

Not much to go off of, I know. Kudos to those who can answer this. I usually hear it about twice a day. One in the morning, and again mid-afternoon.
Koja

O Fallon, IL

#11 Sep 19, 2013
And I am an idiot for posting this (my previous post) in the wrong thread. Can't keep track of my tabs, man. Guess, I should make a comment on this topic then.

To be honest, it's just causing more of an hassle with the exchange, but I don't think it will necessarily make things worse, nor better at that rate. It's just all blah for everyone.
Oregon

Gresham, OR

#12 Sep 19, 2013
Let's recap... First we lost Kaiser, this is an additional 800 to one thousand a year in costs to me...
Second, there was the profit sharing... Cost to me, about 1200 a year.
Third, Bonus was reduced 3000 to 4000 yearly..
Raises have slowed to a snails pace, cost to me, another 3000 per year.

You do the math, the company wants us "well " really !

It's cut cut cut while the company buys company after company...
I used to be very dedicated, how can anyone be dedicated to a company that hates you !
over it

Palm Bay, FL

#13 Sep 19, 2013
Does this apply to all employee or do you still need and average of 30 hours?
Altec Lansing

San Antonio, TX

#14 Sep 19, 2013
over it wrote:
Does this apply to all employee or do you still need and average of 30 hours?
You need 30 hrs
Beware

Columbia, SC

#15 Sep 19, 2013
Wag has this one right. No company should be burdened with providing healthcare to every employee, especially in today's economy. Only way to provide everyone healthcare would be to nationalize healthcare and establish a socialist Government. Everybody would be treated the same except maybe Govt. Bureaucrats; all the rich corporate assholes would be forced to live on a realistic salary, and we would all contribute more to have a true democracy. Perhaps not perfect; but better than having bloodshed in the streets....

M
Diane

United States

#16 Sep 19, 2013
Koja ...could you sing one more verse, please? Lol....that was funny! Thanks for the laugh.: D

Since: Jan 12

Daly City, CA

#17 Sep 20, 2013
Beware wrote:
Wag has this one right. No company should be burdened with providing healthcare to every employee, especially in today's economy. Only way to provide everyone healthcare would be to nationalize healthcare and establish a socialist Government. Everybody would be treated the same except maybe Govt. Bureaucrats; all the rich corporate assholes would be forced to live on a realistic salary, and we would all contribute more to have a true democracy. Perhaps not perfect; but better than having bloodshed in the streets....

M
Makes sense. What you are pretty much asking for is what any other 1st world country has. The thing is, it shouldn't cost us any extra. The taxes we already pay should cover it.

I think this is the main reason why Obama was elected, to make happen what Canada was able to make happen. I don't believe a socialist government needs to exist for this to exist alongside. The post office is socialiZed, the school system is socialized. Etc

Since: Jul 12

Location hidden

#18 Sep 20, 2013
Americans need to wake up. Obama care is a start. However, we really should have universal healthcare for all of our citizens. Every advanced modern country on the face of the planet has a version of a national health system except the US.

The problem is that the US system provides for special interest, corporations, etc. to continue to fight its implementation because it is in the monetary interest to do so. There is not a healthcare "entity" in the US today that sees patients as anything other than a consumer or a potential client. They don't give a damn about your health.
Most importantly, CEOS, Lawmakers, etc. have more than enough money to pay for excellent levels of medical care so they have no interest in fixing the issue either. Insurance is not a necessity for them.
Happy at WAG

Algonquin, IL

#19 Oct 1, 2013
You can't blame Wag for the private exchange. That is the result of those that voted for Obama and Obamacare. Also we live in a nation that is a free country and everyone has the right and opportunity to make a better life for themselves if they are willing to WORK for it. That is what this country was built on but now it's turning into a government run country with free handouts for those that don't want to WORK for it. And don't give me sob stories about how unfair things are. Quit complaining about what you don't have that others do and make something happen in YOUR life -- WORK HARD and you can accomplish many things and be successful. You just need to work for it. Nothing was handed to me and I came from nothing but I work hard and sacrifice so that I can live a comfortable life. Happy WAG Employee for more than 14 years!

Since: Jan 12

San Francisco, CA

#21 Oct 2, 2013
wagdoodle wrote:
Americans need to wake up. Obama care is a start. However, we really should have universal healthcare for all of our citizens. Every advanced modern country on the face of the planet has a version of a national health system except the US.

The problem is that the US system provides for special interest, corporations, etc. to continue to fight its implementation because it is in the monetary interest to do so. There is not a healthcare "entity" in the US today that sees patients as anything other than a consumer or a potential client. They don't give a damn about your health.
Most importantly, CEOS, Lawmakers, etc. have more than enough money to pay for excellent levels of medical care so they have no interest in fixing the issue either. Insurance is not a necessity for them.
The funny thing about this is that there is no "start" when it comes to something like this. Britain Canada, New Zealand etc etc. did it in one swoop. There was no "start" it was voted for and happened. Accepting anything less than what our northern neighbor has is accepting mediocrity.

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