McDonald's threatens to drop employee medical coverage

09/30/2010 | Wall Street Journal, The

McDonald's says it will stop health insurance coverage for 30,000 hourly workers if a provision in the health care law is not waived. McDonald's says it will not be able to meet the 2011 rule that requires spending at least 80% to 85% of its premium revenue on employee medical care under its "mini-med" plans, which offer limited benefits. Trade groups and McDonald's say high turnover among hourly workers and the resulting administrative costs make meeting the provision unrealistic.

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Wall Street Journal, The

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