Wells Fargo to cover employees' traveling and lodging costs for legal abortions

• US bank joins other companies in reimbursing expenses for healthcare services

Wells Fargo & Co (NYSE: WFC) will reimburse its employees and their dependents for traveling more than 50 miles and lodging for healthcare services like abortions, Reuters reported on Monday, citing an internal memo to staff seen by the news outlet.

The US bank became the latest company to expand its healthcare policies to cover abortion costs after the Supreme Court on Friday issued a ruling overturning its 1973 Roe versus Wade decision that recognized a woman’s constitutional right to an abortion and legalized the practice nationwide.

On Monday, several large private equity firms, including Blackstone and TPG (NASDAQ: TPG), pledged to cover any abortion-related travel costs for US employees who live in states where the procedure is outlawed.