From the SEB What The Fuck department comes word that Wal-Mart has been collecting on life insurance policies on its employees:
TAMPA - When Karen Armatrout died in 1997, her employer, Wal-Mart, collected thousands of dollars on a life insurance policy the retail giant had taken out without telling her, according to a lawsuit filed in U.S. District Court.
Armatrout was one of about 350,000 employees Wal-Mart secretly insured nationwide, said Texas attorney Michael D. Myers, who estimated the company collected on 75 to 100 policies involving Florida employees who died.
Myers is seeking to make the Armatrout lawsuit a class-action case on behalf of the estates of all the Florida employees who died while unwittingly insured by Wal-Mart.
“Creepy’s a good word for it,” Myers said. “If you ask the executives that decided to buy these policies and the insurance companies that sold them, they would say this was designed to create tax benefits for the company, which would use the benefits for benevolent purposes such as buying employee medical benefits.
“If you asked me, I would say they did it to make more money.”
One more reason for me to avoid Wal-Mart like the plague. That’s just wrong on so many levels.


















Let’s do that Consi. You have the dispassionate skills of a critical researcher. You’d never misrepresent data for political or ideological purposes, yes? So let’s have it - where are those actual results you mention? I’d be particularly interested in leaning about the wonders that our “free” market has done for America.
At best, you get a little less than what you pay for. In any free market, it’s better to be a producer than a consumer, since wealth and value have always flowed uphill. Interestingly, the US managed health care market isn’t actually free, since your choices are tightly constrained during your annual “open enrollment” period.