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HFMA News - Wal-Mart to Expand in Maryland Despite New Health Insurance Law

HFMA NEWS


Monday, April 24, 2006
Wal-Mart to Expand in Maryland Despite New Health Insurance Law

Despite concerns that a Maryland law requiring large companies to buy health insurance for employees would quash Wal-Mart Stores’ plans of expanding in the state, Wal-Mart’s top executive said, "We are not going to go away that easily,” reports the Baltimore Sun. H. Lee Scott, president and CEO of Wal-Mart, said the retailer had purchased the land to build a distribution center in Maryland that will employ 900 people. Scott called the Maryland law that mandates large employers to spend at least 8% of payroll on health insurance for employees “ridiculous” and said, "It's going to be tough to legislate Wal-Mart out of your community." A retail association has challenged Maryland’s law, which goes into effect in January, in court, claiming that it violates ERISA.

posted on 4/24/2006 5:53:10 AM (CST)  Permalink