Source: New York Times

Wal-Mart Says It Backs a Mandate on Insurance
By SHERYL GAY STOLBERG
Published: June 30, 2009

WASHINGTON — Wal-Mart, the nation’s largest private employer, joined hands with a major labor union Tuesday to endorse the idea of requiring large companies to provide health insurance to their workers, a move that gives a boost to President Obama as he is pushing for health legislation on Capitol Hill.

“Not every business can make the same contribution, but everyone must make some contribution,” Wal-Mart’s chief executive, Michael T. Duke, wrote in a letter to White House and Congressional officials, adding that he favored “an employer mandate which is fair and broad in its coverage.”

The letter was issued jointly with Andrew W. Stern, president of the Service Employees International Union, which represents two million workers, many of them in the health care industry, and John D. Podesta, who ran Mr. Obama’s transition to the presidency and leads the Center for American Progress, a Democratic policy organization here.

But Wal-Mart’s embrace of the employer mandate may come at a price. In its letter, the company says that if Congress imposes a requirement that employers offer insurance, it must also offer a guarantee to business that health care costs will in fact be contained, perhaps through a so-called trigger mechanism that would impose reductions if certain spending targets were not met.

Read more: http://www.nytimes.com/2009/07/01/health/p...