McDonalds seeks waiver from 'affordible health plan'

[SteamWake]

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/2010-0...r-workers.html

Working as intended.

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]

Originally Posted by The Third Man

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.

Originally Posted by SteamWake

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]

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?

[Aramike]

Originally Posted by gimpy117

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?

[Alex]

Originally Posted by gimpy117

isn't McDonald's insanely profitable?

~66% of Fast Food's nation is made of this kind of people,



So it definitely is INSANELY profitable, yes.

[Ducimus]

Originally Posted by gimpy117

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.

[geetrue]

Originally Posted by SteamWake

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

[Enigma]

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."