Business
7 October 2014
Last updated at 11:51 ET
Wal-Mart employs 1.3 million people in the US, making it the country's largest employer
Wal-Mart employs 1.3 million people in the US, making it the country's largest employer.
In a blog post, the firm said it made the change following similar moves by rival Target and others.
"Like every company, Wal-Mart continues to face rising health care costs," wrote the company in the post.
"This year, the expenses were significant and led us to make some tough decisions as we begin our annual enrollment," it added.
Wal-Mart said it would also increase the amount that current members of its healthcare plans must pay in premiums.
It said it expected its healthcare costs to rise to $500m (£310m) this year.
In August, the company cut its profit forecast, partly as a result of rising employee healthcare costs.
by Judith Stein and Biodun Iginla, BBC News
Wal-Mart employs 1.3 million people in the US, making it the country's largest employer
US
retail giant Wal-Mart has said it will end health insurance coverage for
some of its part-time workers, citing rising healthcare costs.
About 30,000 Wal-Mart employees who work fewer than 30 hours a week will be affected by the change.Wal-Mart employs 1.3 million people in the US, making it the country's largest employer.
In a blog post, the firm said it made the change following similar moves by rival Target and others.
"Like every company, Wal-Mart continues to face rising health care costs," wrote the company in the post.
"This year, the expenses were significant and led us to make some tough decisions as we begin our annual enrollment," it added.
Wal-Mart said it would also increase the amount that current members of its healthcare plans must pay in premiums.
It said it expected its healthcare costs to rise to $500m (£310m) this year.
In August, the company cut its profit forecast, partly as a result of rising employee healthcare costs.
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From other news sites
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Mail Online UK Wal-Mart eliminating health benefits for its 30,000 part-timer workers 1 hr ago
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Reuters UK UPDATE 1-Wal-Mart to stop healthcare benefits for some part-time workers 1 hr ago
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FOXBusiness.com Wal-Mart to Cut Benefits for Some Part-Time Workers 1 hr ago
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Bloomberg Wal-Mart Cutting Health Benefits to Some Part-Time Employees 1 hr ago
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