D’OH September 30, 2010
Posted by Cory Franklin in Uncategorized.trackback
From Veronique de Rugy NRO:
You never want a good crisis to go to waste, so I have to use the opportunity provided by a crisis that’s hitting one of my favorite breakfast providers to make the “told you so” point that, as we expected, Obamacare is likely going to have dramatic consequences for low-income workers. According to the Wall Street Journal this morning, McDonald’s Corporation may be dropping its health-insurance plan for nearly 30,000 hourly restaurant workers unless regulators waive a new requirement of the U.S. health overhaul.
Here are some quotes from the article:
The move is one of the clearest indications that new rules may disrupt workers’ health plans as the law ripples through the real world.
And:
Trade groups representing restaurants and retailers say low-wage employers might halt their coverage if the government doesn’t loosen a requirement for “mini-med” plans, which offer limited benefits to some 1.4 million Americans.
That quote is about how shortsighted the lawmakers who conceived of this law were:
Democrats who drafted the health law wanted the requirement to prevent insurers from spending too much on executive salaries, marketing and other costs that they said don’t directly help patients.
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