Wednesday, October 26, 2005

Wal-Mart Memo Suggests Ways to Cut Employee Benefit Costs - New York Times:

"Wal-Mart executives said the memo was part of an effort to rein in benefit costs, which to Wall Street's dismay have soared by 15 percent a year on average since 2002. Like much of corporate America, Wal-Mart has been squeezed by soaring health costs."

Is Walmart going to come out for nationalized health care? Will the Legacy industries and Wal-mart be able to beat big Pharma and get it through? I doubt it .... Then again what does the Democratic Party stand for?

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