McDonald’s Denies It’s Dropping Health Care Benefits
Anti-Obamaites love to talk about how companies are dropping health care coverage for its employees in advance of parts of the new heath care plan kicking in. McDonald’s is denying a Wall Street Journal report that it is dropping health care benefits for 30,000 employees.
“Media reports stating that we plan to drop health care coverage for our employees are completely false,” said Steve Russell, a senior vice president and head of human resources for McDonald’s, in a written response to the article. “These reports are purely speculative and misleading.”
Health and Human Services Secretary Kathleen Sebelius is jumping in:
“The McDonald’s story is flat out wrong, and I am sorry that they were not more accurate in their reporting,” she said.
“The medical loss ratio isn’t even settled,” Sebelius said at a reporters’ breakfast organized by the Christian Science Monitor. “As soon as we have a regulation that has a process in it we will begin those discussions.”
Medical loss ratio has to do with the amount of monies that go to medical expenses versus overhead to maintain the plans, and some companies will qualify for waivers.Click here for reuse options!
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