McDonald's May Drop Health Plan

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by CaféAuLait, Sep 29, 2010.

  1. CaféAuLait
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    CaféAuLait This Space for Rent

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    McDonald's May Drop Health Plan


    McDonald's Says It May Drop Health Plan - WSJ.com



    They may have to drop coverage because of the law-- this is what is being called an unintended consequence of Obamacare. They offer cheap insurance when many and now the payout will not meet with federal guidelines.
     
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  2. Oddball
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    More hope!...More change! :rolleyes:
     
  3. uscitizen
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    uscitizen Senior Member

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    From the OP linked article.
    \Last week, a senior McDonald's official informed the Department of Health and Human Services that the restaurant chain's insurer won't meet a 2011 requirement to spend at least 80% to 85% of its premium revenue on medical care. \

    So McDonalds is charging too much for insurance? That means instead of dropping rates they cancel the coverage?
     
  4. CaféAuLait
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    $ 14.00 a week, how much lower should they have to go?
     
  5. uscitizen
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    uscitizen Senior Member

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    Low enough to stay within the law.
    And $14/wk is $56/mo for 2,000 MAX per year of coverage.

    This all kinda looks like special interest lobbying to me.
     
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    Last edited: Sep 29, 2010
  6. del
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    del BANNED

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    no, the cost of administering the program is higher than normal due to employee turnover, and most employees don't make that many claims against it. this health care law is about the most poorly crafted piece of legislation in the nation's history. a bunch of grandstanding asshats pushed it through, and they had, and have, no idea what they were doing.
     
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  7. CaféAuLait
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    And if they can't? They offer insurance when most other restaurants do not... I had a mini plan at one employer when I was going through school (no parent to provide insurance). If I remember correctly the cap was 15 grand a year I paid 20 something a week. I had a problem with kidney/bladder infections and ended up in the Urgent Care’s several times a year—the mini plan paid out a heck of a lot more than the grand I paid a year and a lot more than I could have ever afforded to pay. I think I would rather have that than nothing at all.
     
  8. uscitizen
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    uscitizen Senior Member

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    Ohh I predicted pretty much how the Healthcare reform would work out before debate even started.
    It would be something that would benefit the health ins/care industry.

    And McDonalds just needs to work smarter and increase efficiencies in their insurance administration business.
    Remember they are in the business of rapid employee turnover. So they should play by the rules for an employer of that type.

    Again I think this is special interest lobbying.
     
  9. uscitizen
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    uscitizen Senior Member

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    I wonder... did McDonalds insurance division lose money in the market drop?
     
  10. del
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    are colleges in the business of high turnover? their plans aren't going to meet this standard either. mcdonald's doesn't administer the plan, btw, their insurance co does.
     

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