It seems worthwhile to discuss the internal memo in detail. After all, these are unadulterated Wal-Mart facts.
Exhibit 4 shows the percentage of Wal-Mart associates covered by health insurance compared to national employers as well as other retailers. Where does Wal-Mart come out? On top, on the bottom, and in the middle:
81% of Wal-Mart associates are eligible for health insurance, as opposed to 81% for national employers, but only 56% for retailers. 60% of those eligible choose to participate in Wal-Mart's plan, as opposed to 83% for national chains, and 63% for retailers. You multiply those numbers, and you find that 48% of Wal-Mart associates are covered by Wal-Mart's plan, far short of national employers average of 68%, but far more than other retailers' average of 36%. The data were culled from three separate surveys, a Wal-Mart internal survey, one in 2004 by Yankelovich, and the Kaiser/HRET Employer survey in 2003.
Later, we'll look at the juicier Exhibit 5...
Posted by Kevin on October, 27 2005 at 10:19 AM
