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Wal-Mart and labor unions play nice with health care

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Wal-Mart Stores Inc. (NYSE:WMT) may be looking to play nice with labor unions after all. The world's largest retailer and three other major U.S. employers on Wednesday actually joined hands with union leaders in setting a goal of providing "quality, affordable" health care for millions of workers by 2012. What does this all mean? Well, Wal-Mart's name will be connected with efforts to reach those without current medical coverage, most likely.

Wal-Mart CEO Lee Scott and Service Employees International Union leader Andrew Stern joined hands and sang gleeful songs ... err, talked at a press conference where top executives from Intel Corp. (NASDAQ:INTC), AT&T Inc. (NYSE:T) and Kelly Services were in attendance. The main goals of this bunch over the coming years was lauded as ensuring every person in America (citizens and non-citizens, I guess) had access to universal health-care coverage in addition to seeking to raise the actual value the country receives from all spending on every health care dollar.

Something that I agree with was actually said by Wal-Mart CEO Scott when he stated "Government alone won't and can't solve this crisis." Even though this was parroted by several upcoming U.S. Presidential candidates, unless the money floats out of the air somehow, paying for universal health care for everyone in the country from a governmental perspective ... will take money from somewhere else (which is yet to be defined). Hey, but most of us are all ears, right?

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Last updated: November 28, 2009: 12:54 AM

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