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View Full Version : McDonalds seeks waiver from 'affordible health plan'

SteamWake
09-30-10, 01:04 PM
McDonald’s Corp., the world’s largest restaurant chain, asked federal health-care regulators to waive part of a new law that may force the company to seek an alternative insurance plan for some workers, an official said.

http://www.bloomberg.com/news/2010-09-30/mcdonald-s-seeks-health-care-waiver-may-seek-alternative-plan-for-workers.html

Working as intended.
The Third Man
09-30-10, 01:09 PM
Why is McD's, or any other company asking permission? Just do it, and watch ObamaCare flame.

This wasn't supposed to happen until 2014. If it starts now Obamacare fails.
SteamWake
09-30-10, 01:27 PM
Why is McD's, or any other company asking permission? Just do it, and watch ObamaCare flame.

This wasn't supposed to happen until 2014. If it starts now Obamacare fails.

Well I'm assuming they dont want to break the law is why.
The Third Man
09-30-10, 01:33 PM
Well I'm assuming they dont want to break the law is why.

new law that may force the company to seek an alternative insurance plan

“Guidance on the new medical loss ratio rules has not even been issued,” which means drop the insurance and ex post facto defense kicks in.
gimpy117
09-30-10, 05:21 PM
isn't McDonald's insanely profitable? Heaven forbid they have to adhere to the law and increase health coverage. I could see how a company that has a lower profit margin would ask for an exemption, but really? Mickey D's?
geetrue
09-30-10, 07:14 PM
Well I'm assuming they dont want to break the law is why.

Correct answer due to how many board members that already decided at a company meeting with the head accountant how much this is going to cost.

Lets wait and see who joins them ...

I can't tell if this is good or bad yet :cry::DL
Enigma
09-30-10, 09:55 PM
Ahem.

The fast-food restaurant chain McDonald's Corp. has denied a report that it's considering dropping health care coverage for some employees in response to a health care reform provision.

the company called reports that it planned to drop health care coverage for employees "completely false."
Aramike
09-30-10, 10:20 PM
isn't McDonald's insanely profitable? Heaven forbid they have to adhere to the law and increase health coverage. I could see how a company that has a lower profit margin would ask for an exemption, but really? Mickey D's?Nothing like the "fact" that a company's profits should belong to everyone, right?

In case you weren't aware, McDonald's is a publically traded company. Cut into their profits, you cut into 401Ks, 403Bs, and a plethora of other private, small time investors looking to better their financial and retirement outlooks. Or, saving that, how about just cutting labor costs and easing out of those jobs altogether so that retirees and small-time investors continue to invest counting on the margins of the company showing growth?

But of course, how could that be? Don't big, evil corporations lead existances only unto themselves serving only to make a profit for their continued greedy existances?

...or maybe does Main St. and Wall St. actually have far more in common than your Supreme Leader Obama leads you to believe?
Torvald Von Mansee
10-01-10, 07:08 AM
http://news.yahoo.com/s/ap/20100930/ap_on_bi_ge/us_mcdonald_s_health_care
mookiemookie
10-01-10, 09:21 AM
Throwing facts into a thread full of people whose minds are already made up to be outraged isn't going to do much.
AVGWarhawk
10-01-10, 10:49 AM
I really do not see McDonalds that runs and supports the Ronald McDonald House for Kids dropping healthcare for their employees. There are better ways for McD's to shoot themselves in the foot. This ain't one of them.
Alex
10-01-10, 11:11 AM
isn't McDonald's insanely profitable?
~66% of Fast Food's nation is made of this kind of people,

http://img825.imageshack.us/img825/7355/fat1.jpg

So it definitely is INSANELY profitable, yes. :(
Ducimus
10-01-10, 01:07 PM
isn't McDonald's insanely profitable? Heaven forbid they have to adhere to the law and increase health coverage. I could see how a company that has a lower profit margin would ask for an exemption, but really? Mickey D's?


There's a reason why the word, "McJob" exists. Just sayin. :O:
SteamWake
10-01-10, 01:28 PM
The Obama administration said Thursday that its top health official will "exercise her discretion" in enforcing a new health-law requirement, a move that could help McDonald's Corp. and other employers from disrupting their health-care policies for hourly workers.

The announcement Thursday followed a report in The Wall Street Journal that McDonald's warned federal regulators it could drop its health-insurance plan for nearly 30,000 restaurant workers unless regulators waive a new requirement of the health overhaul. The requirement, known as the minimum medical loss ratio, concerns the percentage of revenue received from premiums that must be spent on benefits.

Yes of course nothing to see here. Just a bunch of made up stuff. Just a bunch of wackos trying to make this adminstration look bad.

This wasent supposed to start happening untill 2012 ;)

http://online.wsj.com/article/SB10001424052748704789404575524502131067836.html
gimpy117
10-01-10, 01:58 PM
In case you weren't aware, McDonald's is a publically traded company. Cut into their profits, you cut into 401Ks, 403Bs, and a plethora of other private, small time investors looking to better their financial and retirement outlooks. Or, saving that, how about just cutting labor costs and easing out of those jobs altogether so that retirees and small-time investors continue to invest counting on the margins of the company showing growth?


So the people there are supposed to slave away and not get anything out of it because "ohh those poor investors...ohh wall street blah blah blah". I love libertarian thinkers its all "Ive got mine, now f---k off". I'm all for making such a large company actually treat their employees well. Most of them work for minimum wage, in a stressful and terrible work environment. There was once a time when companies treated their employees worth a damn. I think we need to get back to that.
Méo
10-01-10, 02:12 PM
Most of them work for minimum wage, in a stressful and terrible work environment. There was once a time when companies treated their employees worth a damn. I think we need to get back to that.

Hey!! think about the investors, it's their rights, period.




(sarcasm)