I thought this story sounded fishy, I mean, WSJ has real journalists, they wouldn’t base a complete story on just one purloined memo would they? Oops. Funny, it didn’t stop the wingers from latching on to this story to prove the health care reform didn’t work.
OAK BROOK, Ill. — McDonald’s denies reports it’s considering dropping health care coverage for some employees in response to a provision of the health care overhaul.
The Wall Street Journal reported Wednesday, citing a memo from McDonald’s to federal officials, that McDonald’s has warned regulators it could drop its plan for some 30,000 workers unless the government waives a new requirement in the health care overhaul.
The company says in a statement Thursday it has been speaking with federal agencies to understand the law.
The paper says last week a top McDonald’s official told regulators its insurance plan won’t meet a requirement for next year that it spend at least 80 percent to 85 percent of its premium revenue on medical care.
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