Wal-Mart joins Wells Fargo and General Electric as companies who are cutting employee health care benefits.  Wal-Mart will no longer offer health benefits to new workers who work less than 24 hours a week and are cutting the amount they contribute to worker’s healthcare accounts by 50%.

Beginning in January, preventive care such as check-ups will still be covered, but Wal-Mart will now cut to $250 from $500 a contribution they make to help with costs that are not covered; and now $500 from $1,000 for those with families.

In 2012, Wells Fargo is asking employees to fund their own healthcare accounts or to pay much higher premiums and General Electric is also moving to an employee funded, account based healthcare system.