Greenbeard
Gold Member
... You also know that this type of plan is far from different. Many corporation are using it. Hair spliting defenses are usually the playground of the losing debate side.
You don't say...
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... You also know that this type of plan is far from different. Many corporation are using it. Hair spliting defenses are usually the playground of the losing debate side.
CaféAuLait;2791044 said:McDonald's May Drop Health Plan
McDonald's Corp. has warned federal regulators that it could drop its health insurance plan for nearly 30,000 hourly restaurant workers unless regulators waive a new requirement of the U.S. health overhaul.
McDonald's Says It May Drop Health Plan - WSJ.com
McDonald's and trade groups say the percentage, called a medical loss ratio, is unrealistic for mini-med plans because of high administrative costs owing to frequent worker turnover, combined with relatively low spending on claims.
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.
It's not about what Actually Happens, it's about Good Intentions!
And Beleive me, they had the Best of Intentions!...
I'm Certain that Obammy and the DemocRATS weren't Thinking about Trying to Secure Generations of Voters with yet ANOTHER Giveaway at the Expense of other People!
peace...
CaféAuLait;2791044 said: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.
It's not about what Actually Happens, it's about Good Intentions!
And Beleive me, they had the Best of Intentions!...
I'm Certain that Obammy and the DemocRATS weren't Thinking about Trying to Secure Generations of Voters with yet ANOTHER Giveaway at the Expense of other People!
peace...
A good Health Care System is not a givaway. It has to be funded with taxes, same as defense or social security. Other nations are successfully doing it, with far better results than the Health Care System we have in this nation. Far better results for much less money.
A good Health Care System is not a givaway. It has to be funded with taxes, same as defense or social security. Other nations are successfully doing it, with far better results than the Health Care System we have in this nation. Far better results for much less money.
The entire point of the NAIC's current exercise (which isn't done, by the way) is to define what kinds of spending count toward the medical loss ratio. It goes much further than just benefit payouts; it'll include quality improvement efforts, HIT investments, fraud prevention measures, and so on. The draft blanks the NAIC approved six week ago have pages of these things. The medical loss ratio requires them to spend on activities and investment that increase value for premium-payers, not just straight benefit payouts.
I realize this is probably the first time most people have ever watched the administrative rulemaking process in action but this is how it works. Congress sets relatively broad goals (in this case, better use of premium revenue) and leaves it to experts to fill in the details. For this one, that involves regulators in HHS, NAIC staff, and representatives of the business and insurance industries and anyone else affected by the legislation (as always, anyone can provide input on proposals).
But it's disappointing to the see the unfortunate effects of the 24-hour news cycle on people's brains--they're completely fried. Not everything is a crisis, nor is there anything wrong with exemptions or variations on a rule for plans with special characteristics. Regulations are not a patch, they are the law. Actual legislation is always too vague to be of practical use, since legislators don't possess the technical knowledge to to work out in excruciating detail how to make grand policy ideas work. Presumably somebody still teaches high school government classes.
Anyway, the law specifically says:
Definitions- Not later than December 31, 2010, and subject to the certification of the Secretary, the National Association of Insurance Commissioners shall establish uniform definitions of the activities reported under subsection (a) and standardized methodologies for calculating measures of such activities, including definitions of which activities, and in what regard such activities, constitute activities described in subsection (a)(2). Such methodologies shall be designed to take into account the special circumstances of smaller plans, different types of plans, and newer plans.What a failure! They said "come up with a definition of medical loss ratio that requires more spending more premium money on worthwhile activities but take into account that not all plans are created equal." That, as you may have gathered, is the part regulators are at right now.
You people need to relax. Stop flipping out over every news story. This reminds me of the uproar on here when it was suggested in the media that the uncapping of benefit limits would destroy mini-med plans. Guess what? It didn't. The regulations treated them as what they are: different than regular insurance plans.
A good Health Care System is not a givaway. It has to be funded with taxes, same as defense or social security. Other nations are successfully doing it, with far better results than the Health Care System we have in this nation. Far better results for much less money.
A good Health Care System is not a givaway. It has to be funded with taxes, same as defense or social security. Other nations are successfully doing it, with far better results than the Health Care System we have in this nation. Far better results for much less money.
First, if the person receiving the benefits does not pay for them, it is a giveaway. that is true if it is paid for by taxes, or through charity, like the way Catholic Hospitals used to be run.
Second, why don't we do a side by side comparison between the health care system in any country you care to name and the one in the US to get a realistic idea of who actually has the best system. Or are you afraid to take the challenge?
FOXNews.com - Report: McDonald's May Drop Health Care Plan
At what point is it ok to say "we told you so"?
The only people who didn't see this coming were those who didn't read the bill, or those who are too stupid to understand it.
Obama is screwing us over a barrel.
threads merged-del
A good Health Care System is not a givaway. It has to be funded with taxes, same as defense or social security. Other nations are successfully doing it, with far better results than the Health Care System we have in this nation. Far better results for much less money.
First, if the person receiving the benefits does not pay for them, it is a giveaway. that is true if it is paid for by taxes, or through charity, like the way Catholic Hospitals used to be run.
Second, why don't we do a side by side comparison between the health care system in any country you care to name and the one in the US to get a realistic idea of who actually has the best system. Or are you afraid to take the challenge?
Ohh we have a very good health care system, too bad it is bankrupting us.
McDonald's among winners in administration's efforts to counter resistance to reforms
Amazing. Here is a company who has been doing the right thing all along and now government gets involved and makes it impossible for them to continue.CaféAuLait;2791044 said:McDonald's May Drop Health Plan
McDonald's Corp. has warned federal regulators that it could drop its health insurance plan for nearly 30,000 hourly restaurant workers unless regulators waive a new requirement of the U.S. health overhaul.
McDonald's Says It May Drop Health Plan - WSJ.com
McDonald's and trade groups say the percentage, called a medical loss ratio, is unrealistic for mini-med plans because of high administrative costs owing to frequent worker turnover, combined with relatively low spending on claims.
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.