Dispenser of Negativity
- May 30, 2007
- Reaction score
- Political Leaning
The restaurant chain is at odds over the new law's stipulation that so-called "mini-med" insurance plans spend at least 80 percent of premium revenue on medical care, the newspaper said on its website on Wednesday.
McDonald's told federal regulators in the memo that it would be "economically prohibitive" for its insurance carrier to continue to cover hourly workers unless it receives a waiver to the 80 percent minimum requirement, the Journal reported.
Federal officials say there is no guarantee a waiver will be granted, it said.
Good job Congress! Way to hurt innocent workers! Hope you scumbags are proud of yourselves!
McDonald's May Drop Health Insurance: Report - ABC News