Thanks Obamacare! Due to rising cost of healthcare, Sears will be dropping their employee healthcare and instead offer them cash to buy their own on the free market.

That may sound good. But one must take into account several factors.

First, they all will have to pay taxes on said money. Where before they didn't.

Second, private coverage is no where near as cost effective as getting it from your employer.

Third, it is not expected to be enough, or keep up with rising cost.

http://www.bizjournals.com/chicago/n...-platform.html

Edit.

Olive Garden is following them.

http://search.yahoo.com/r/_ylt=A0oG7...n_1920275.html