"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.
"The big political issue here is the president promised no one would lose the coverage they've got," says Robert Laszewski, chief executive officer of consulting company Health Policy and Strategy Associates. "Here we are a month before the election, and these companies represent 1 million people who would lose the coverage they've got.""
Source:
http://www.usatoday.com/money/indust...T_N.htm?csp=hf
Wow, so many of Obama's lies on Healthcare are on display. He said costs would go down, he was wrong. He said no one would lose their existing insurance, he was wrong. He said premiums would come down, he was wrong. Looks like the "Party of No" was right on the money. Looks like when you pass a bill you admit you didn't even bother to read, huge problems are coming.
And notice he gave McDonalds and other big businesses the waivers. What about small businesses who will have to drop workers? Will those thousands of small businesses get waivers too? Or do the liberals only exempt 'Big Business'?
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Originally Posted by David Jamieson
