Posted by
Billy on Thursday, October 07, 2010 11:53:33
Nearly a million workers won't get a consumer protection
in the U.S. health reform law meant to cap insurance costs because the
government exempted their employers.
Thirty companies and organizations, including McDonald's (MCD)
and Jack in the Box (JACK),
won't be required to raise the minimum annual benefit included in low-cost
health plans, which are often used to cover part-time or low-wage employees.
The Department
of Health and Human Services, which provided a list of exemptions, said it
granted waivers in late September so workers with such plans wouldn't lose
coverage from employers who might choose instead to drop health insurance
altogether.
Without waivers, companies would have had to provide a
minimum of $750,000 in coverage next year, increasing to $1.25 million in 2012,
$2 million in 2013 and unlimited in 2014. (MCDONALD'S,
29 other firms get ObamaCare waivers...
(Billy's Thoughts>>> Perhaps my doctor is right and Obamacare is so watered down before it becomes law that it won't make much of an impact. I hope so but we must still work to get rid of it starting by who we vote for next month. )