Goldman Sachs to pay travel expenses for US employees seeking abortion
Goldman Sachs (GS), Wall Street’s leading investment financial institution, has expanded its healthcare coverage to cover vacation expenditures for U.S. workforce trying to find abortion solutions next the Supreme Court’s final decision to overturn Roe v. Wade, according to a Friday memo to staff members obtained by Yahoo Finance.
“We have prolonged our health care journey reimbursement insurance policies to include things like all medical processes, solutions and evaluations, which includes abortion providers and gender-affirming treatment the place a provider is not out there in proximity to where by our men and women stay,” Goldman Sachs wrote in the take note to team.
“The health and wellbeing of our people and their households are our best priority.”
The assertion by Goldman will come as a flurry of the biggest firms in the U.S. have declared strategies to offer economic support to workers looking for abortion products and services.
On Friday, other Wall Road heavyweights took equivalent measures, which include JPMorgan (JPM), which told personnel it will shell out for vacation to states that allow for lawful abortions, as very first reported by CNBC.
“Our wellness treatment programs have traditionally included travel advantages for certain coated expert services that would call for vacation,” JPMorgan explained in a memo. “Beginning in July, we will broaden this gain to incorporate all covered expert services that can only be obtained significantly from your dwelling, which would incorporate lawful abortion.”
Earlier this 12 months, Citigroup (C) became the to start with big bank to address travel charges for staff who go out of state for abortions pursuing constraints in Texas — a go that CEO Jane Fraser later on clarified at the company’s annual shareholder meeting was component of a “longstanding policy” and not supposed to be “a statement about a very sensitive situation.”
A developing docket of organizations have recently announced or reiterated their help for workforce that may perhaps need abortion products and services in response to Friday’s ruling. Yahoo Finance is monitoring the responses in this article.
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Alexandra Semenova is a reporter for Yahoo Finance. Abide by her on Twitter @alexandraandnyc
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