Mcdonalds Warns Health Coverage Could Be Dropped

09.30.10 | FL News Team

McDonald's could do away with health insurance benefits for almost 30-thousand of its hourly employees because of a requirement in the new healthcare law.  Citing a company memo, "The Wall Street Journal" reports the fast food giant is at odds over the "mini-med" insurance plans outlined in the new law.  These plans provide limited benefits and spend at least 80-percent of the premium revenue on medical care.

The memo added, it would be "economically prohibitive" for McDonald's insurance carrier to continue coverage for hourly workers unless the government was to give the company a waiver excluding the requirement.  A Health and Human Services Official told "The Wall Street Journal," the government does not want to see coverage dropped by employers because of the new healthcare law.