US Corporations Reiterate Financial Support for Workers Seeking Abortions

In the aftermath of the Supreme Court’s landmark decision to overturn Roe Vs. Wade on Friday, many large U.S. companies across multiple sectors championed their workplace health plans that will cover out-of-state abortion costs for employees.  

JPMorgan Chase confirmed in an internal memo obtained by CNBC that it would maintain its commitment to offer travel benefits for abortions in states where it continues to be legal to receive an abortion.

The Wall Street titan unveiled this component of its overall employee health benefits earlier this month.  

“We will also expand our existing health care travel benefit, which today covers certain services such as organ transplants, to all covered health care services that can only be obtained far from your home,” the bank said in a statement.

“Abortion has long been a covered service, and would now be in scope.”  

Citigroup reiterated similar benefits for its personnel soon after the ruling. The financial institution initially announced this aspect in March.

Travel Expenses

Dick’s Sporting Goods will give employees or their family members up to $4,000 to help cover travel expenses if they need to get an abortion, according to CEO Lauren Hobart.  

“DICK’S Sporting Goods will provide up to $4,000 in travel expense reimbursement to travel to the nearest location where that care is legally available,” the head of the sporting goods retailer wrote.

“We recognize people feel passionately about this topic—and that there are teammates and athletes who will not agree with this decision. However, we also recognize that decisions involving health and families are deeply personal and made with thoughtful consideration.”  

Shares rallied more than 8 percent on the news to close above $84.

Denim-maker Levi Strauss shares advanced 3.4 percent after it reaffirmed its policy to cover employees’ out-of-state abortions.  

In an internal memo, Disney told staff that it would continue extending comprehensive healthcare access, including abortions.   

“We have processes in place so that an employee who may be unable to access care in one location has affordable coverage for receiving similar levels of care in another location,” the company said…. (Excerpt from The Epoch Times)