Thursday, September 30, 2010

Obamacare - You Deserve a Break Today

The McDonald's restaurant chain wants to have it their way when it comes to Obamacare.

McDonald’s told federal regulators that it may drop health insurance for almost 30,000 hourly restaurant workers unless a requirement in the law is waived, the Wall Street Journal reported yesterday, citing a company letter to the U.S. Health and Human Services. The story isn’t correct, said Jessica Santillo, a spokeswoman for the department in Washington.

Seems to be a conflict here. So what is the real story?

One thing is known, the cost of implementing Obamacrap at the consumer level is significant. The cost of Obamacrap to employers is so substantial that many large companies have conducted studies and learned it will be less expensive for them to drop health insurance for employees and pay the fine.

The folks who crafted Obamacrap assumed those with employer provided group health insurance would keep those plans. But if there is a wholesale dumping of group health insurance Obamacrap starts to implode.

The government may allow some low-cost plans like those offered at McDonald’s, which have limited benefits, to get waivers from the health law’s insurance requirements, according to a Sept. 3 Health and Human Services memo. Those requirements were waived for McDonald’s on Sept. 24, Santillo said.

“In order to ensure that individuals with certain coverage, including coverage under limited benefit or mini-med plans, would not be denied access to needed services or experience more than a minimal impact on premiums, the interim final regulations contemplated a waiver process,” the Health and Human Services Department said earlier this month.

If McDonald's and other large corporations are not allowed to keep their limited benefit plans one of two things will happen. Either workers will lose coverage, or McDonald's may opt to drop health insurance coverage altogether.

Looks like the Obama administration could have an egg McMuffin on their face . . .

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