Starbucks Employee Health More than Beans
Starbucks, one of the few companies to offer health insurance to part-time employees, now pays more for healthcare than coffee.
CEO Howard Schultz told Congress recently coverage for employees who work at least 20 hours per week will cost more than the raw materials of his brew.
Schultz's feelings on health care were formed by watching his father struggle to hold down several low-wage jobs, none of which included health insurance.
Like many other enterprises, Starbucks has been plagued by double-digit increases in insurance costs in each of the last four years. Schultz called that "completely non-sustainable."
More details are at Forbes.
CEO Howard Schultz told Congress recently coverage for employees who work at least 20 hours per week will cost more than the raw materials of his brew.
Schultz's feelings on health care were formed by watching his father struggle to hold down several low-wage jobs, none of which included health insurance.
Like many other enterprises, Starbucks has been plagued by double-digit increases in insurance costs in each of the last four years. Schultz called that "completely non-sustainable."
More details are at Forbes.
posted by Mike | 8:13 PM
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