Timothy W. Martin and Christopher Weaver published an article on The Wall Street Journal about an announcement that Walgreen Co. is making a sweeping policy change in light of approaching federal healthcare reform. “On Wednesday, the drugstore giant disclosed a plan to provide payments to eligible employees for the subsidized purchase of insurance starting in 2014. The plan will affect roughly 160,000 employees, and will require them to shop for coverage on a private health-insurance marketplace.”
So why the sudden change in policy?
Aside from rising healthcare costs (the complex causes were speedily explained by John Green in his Vlog Brothers video), the company cited “compliance-related expenses associated with the new law” as a reason for the switch.
Is this a trend?