This administration doesn’t understand how businesses operate and really doesn’t care

“A big employer mulls dropping health insurance coverage due to ObamaCare’s mandates. The claim that if you like your plan you can keep it was a lie, and the effort to destroy private insurance is working. The 30,000 or so hourly workers at McDonald’s undoubtedly like the health care plan their employer provides and would like to keep it. For $14 a week, a worker gets a plan that caps annual benefits at $2,000; $32 a week gets you coverage up to $10,000. They get minimum coverage at a minimum price, but most younger workers are healthy and for that reason, they constitute a high percentage of the uninsured. What McDonald’s Corp. offers is not a one-size-fits-all nanny-state special that forces young males to pay for mammograms. President Obama promised that under ObamaCare these workers could keep these plans, but McDonald’s has told federal regulators in a memo that it would be ‘economically prohibitive’ for its insurance carrier to continue to cover its hourly workers unless it receives a waiver to the ObamaCare requirement that 80% of premiums for such ‘mini-med’ plans be spent on medical care. Other large employers who offer such plans could find themselves in the same dilemma…. This administration doesn’t understand how businesses operate and really doesn’t care. As for private insurers, the White House doesn’t care if they’re driven out of business due to higher costs. … Companies such as McDonald’s, and insurance companies too, must manage their bottom lines to stay in business. ObamaCare distorts a system based on risk and turns it into an entitlement that is based on political considerations and aimed at getting as many people totally dependent on government as possible.” —Investor’s Business Daily


Tags: , , , ,

%d bloggers like this: