Starbucks Health Plans Getting “more Affordable, Less Comprehensive”

Interesting week at Starbucks – the company announced Monday it is giving its U.S. workers a 5%-15% raise; unveiled a “small price increase on select beverages” today; and also said it will offer employees more affordable health insurance that will cut costs by being less comprehensive.

Per the LA Times today:

[I]What it represents is the ongoing trend of tiered healthcare in this country – strong coverage for those who can afford it and high-deductible, primarily catastrophic coverage for most others.

“This is great for Starbucks’ healthier workers and for shareholders,” said Peter H
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