Thursday, September 30, 2010

End of mini-med plans?

According to the Wall Street Journal McDonald told the federal government it could drop health insurance coverage for 30,000 of its hourly-employees. The plan in question is one of those limited health care plan coined mini-med plans, and it cost each employee $14 a week, with a deductible is $2000.
So who is next?
If these plans cost less than the penalty the government imposed penalty for not offering health insurance to employees, companies will keep them, if not a lot of people will have to move to the government program.

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