Friday, October 01, 2010

Obama Townhall meeting in fort myers florida Julio Osegueda

How are things going for Julio now?

The Obama administration said Thursday that its top health official will "exercise her discretion" in enforcing a new health-law requirement, a move that could help McDonald's Corp. and other employers from disrupting their health-care policies for hourly workers.

The announcement Thursday followed a report in The Wall Street Journal that McDonald's warned federal regulators it could drop its health-insurance plan for nearly 30,000 restaurant workers unless regulators waive a new requirement of the health overhaul. The requirement, known as the minimum medical loss ratio, concerns the percentage of revenue received from premiums that must be spent on benefits.

McDonald's is among the retailers and restaurant chains that offer a "mini-med" limited benefit. Most of these plans don't meet a 2011 requirement that they spend 80% to 85% of premiums on medical benefits instead of overhead expenses.


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