McDonald's Tells Federal Regulators Its Worker Health Plan Violates New Rule
Published September 29, 2010
McDonald's Corp. has notified federal regulators it's health insurance plan for nearly 30,000 hourly restaurant workers isn't compatible with a new requirement of the U.S. health overhaul, the Wall Street Journal reported, raising speculation about the fate of those employees' health coverage.
Trade groups representing restaurants and retailers say low-wage employers might halt their coverage if the government doesn't loosen a requirement for "mini-med" plans, which offer limited benefits to some 1.4 million Americans. The requirement concerns the percentage of premiums that must be spent on benefits.
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