Mandy's Comments
Dear Jek,
You would have done the same. I think people should be more worried about other people who abuse the system. For example, why is it acceptable to have three kids, when you can't afford them? Isn't that fraudulent? Or, all this welfare rats who refuse to get a job. These are two working individuals who paid taxes and worked their entire life. The system failed them!
You would have done the same. I think people should be more worried about other people who abuse the system. For example, why is it acceptable to have three kids, when you can't afford them? Isn't that fraudulent? Or, all this welfare rats who refuse to get a job. These are two working individuals who paid taxes and worked their entire life. The system failed them!
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Most people are not informed about insurance. WalMart is asking for medical expences (medical insurance). This is very different than Long Term Care Insurance, which Walmart would never provide to their employees and different than Long Term Disability Insurance, which Walmart should have offered. Here is the biggest fact.
WALMART IS SELF INSURED ON THEIR MEDICAL PLANS, WHICH MEAN THEY PAY FOR ANY LOSSES. THE INSURANCE COMPANY ONLY ADMINISTERS CLAIMS ON THE COMPANY'S BEHALF. MRS. SHANK HAD CONTRIBUTED TO THIS HEALTH FUND (PREMIUMS PAID). A SELF INSURED PLAN STATES THAT IT IS UP TO THE COMPANY (PLOLICY HOLDER)IF THEY WOULD LIKE TO OFFSET BY THIRD PARTY SETTLEMENTS. IT WAS ENTIRELY UP TO THEM, NOT THE INSURANCE COMPANY.
Furthermore, most large corporations are set up this way. Mainly, companies over 2000 lives. I can tell you that most major corporations would have never asked for their money back. It is bullshit that the spokemen for Walmart said that have to be fair to all associates. That is a lie! They didn't have to tell anyone. In all fairness, other employees at all companies pay for other peoples bad health, excess us of doctors etc..This is the same situation. The premium paid would have increased for all employees. WalMart makes so much money that they wouldn't have had to do this either. I plan many of the benefits for large corporations. I can asure you that no other company would have done this to this poor woman. I sent out numerous emails and called Walmart several times. I sent an email to their corporate office. I'm going to do my part to make sure people do not shop there. You shouldn't either!
WALMART IS SELF INSURED ON THEIR MEDICAL PLANS, WHICH MEAN THEY PAY FOR ANY LOSSES. THE INSURANCE COMPANY ONLY ADMINISTERS CLAIMS ON THE COMPANY'S BEHALF. MRS. SHANK HAD CONTRIBUTED TO THIS HEALTH FUND (PREMIUMS PAID). A SELF INSURED PLAN STATES THAT IT IS UP TO THE COMPANY (PLOLICY HOLDER)IF THEY WOULD LIKE TO OFFSET BY THIRD PARTY SETTLEMENTS. IT WAS ENTIRELY UP TO THEM, NOT THE INSURANCE COMPANY.
Furthermore, most large corporations are set up this way. Mainly, companies over 2000 lives. I can tell you that most major corporations would have never asked for their money back. It is bullshit that the spokemen for Walmart said that have to be fair to all associates. That is a lie! They didn't have to tell anyone. In all fairness, other employees at all companies pay for other peoples bad health, excess us of doctors etc..This is the same situation. The premium paid would have increased for all employees. WalMart makes so much money that they wouldn't have had to do this either. I plan many of the benefits for large corporations. I can asure you that no other company would have done this to this poor woman. I sent out numerous emails and called Walmart several times. I sent an email to their corporate office. I'm going to do my part to make sure people do not shop there. You shouldn't either!
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They are self insured, not fully insured. It has nothing to do with the insurance company. They are under administrative service only (ASO Agreement). Keep cost down? Didn't their former CEO hold a $500,000 dollar birthday party? Or is it their current one?