(Bloomberg) — Walgreen Co., the biggest U.S. drugstore chain, will move its workers into a private health insurance exchange to buy company-subsidized coverage, the latest sign of how the debate over ‘Obamacare’ is accelerating a historic shift in corporate health care coverage.
Walgreen’s decision affects about 160,000 current employees and follows similar action this year by Sears Holdings Corp. and Darden Restaurants Inc. As an alternative to administering a traditional health plan, all three will send their employees to an exchange run by Aon Plc. Fourteen more companies will join in 2014 when 600,000 people will participate, Aon says.
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