Goldman Sachs to pay travel expenses for US employees seeking abortion
Goldman Sachs (GS), Wall Street’s premier investment lender, has expanded its health care policy to protect journey costs for U.S. workers looking for abortion providers adhering to the Supreme Court’s conclusion to overturn Roe v. Wade, in accordance to a Friday memo to workers acquired by Yahoo Finance.
“We have extended our healthcare journey reimbursement guidelines to include things like all healthcare treatments, treatments and evaluations, which include abortion solutions and gender-affirming care wherever a supplier is not offered in proximity to wherever our men and women live,” Goldman Sachs wrote in the note to staff members.
“The overall health and wellbeing of our folks and their families are our major priority.”
The assertion by Goldman will come as a flurry of the premier corporations in the U.S. have introduced plans to give economical assist to workers looking for abortion companies.
On Friday, other Wall Road heavyweights took comparable measures, which include JPMorgan (JPM), which told staff members it will pay for travel to states that let authorized abortions, as very first reported by CNBC.
“Our health care programs have historically coated vacation rewards for specified protected companies that would involve vacation,” JPMorgan reported in a memo. “Beginning in July, we will grow this profit to incorporate all lined solutions that can only be received far from your home, which would incorporate authorized abortion.”
Before this year, Citigroup (C) turned the first major financial institution to cover journey bills for workers who go out of state for abortions next limitations in Texas — a go that CEO Jane Fraser afterwards clarified at the company’s annual shareholder assembly was part of a “longstanding coverage” and not meant to be “a statement about a incredibly sensitive challenge.”
A growing docket of corporations have newly announced or reiterated their guidance for staff that may require abortion providers in reaction to Friday’s ruling. Yahoo Finance is tracking the responses below.
Alexandra Semenova is a reporter for Yahoo Finance. Abide by her on Twitter @alexandraandnyc
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