I’ll take fries, hamburger, diet coke and oh may I keep my insurance please?
Recently an article appeared in the Wall Street Journal where McDonald's is considering dropping their health coverage for the more than 30,000 employees who have enrolled in their program. Most of the employees are covered under a mini med program and with the new health reform act PPACA that was passed now is considering doing away with this plan. Due to the requirements for medical loss ratio and the restraints put on mini med plans, McDonalds is faced with a critical decision and has asked HHS for a waiver. It was granted. Now HHS is granted other waivers to employers.
We are entering a very interesting period of time as the renewal rates are hitting the employer market and many of the requirements of PPACA are starting to take effect. With that said one of our clients shared and op-ed piece that appeared in Investor's Business Daily and raises some very interesting points.