30 companies get one-year waiver from health reform rule
Close to one million insured workers at McDonald's, Jack in the Box and 28 other companies will have to wait for a significant bump in insurance coverage that had been promised for next year by the health reform law, CNN reported today.
The companies have been granted a one-year exemption from a new rule requiring them to raise the maximum amount of coverage they offer employees, CNN said citing an unnamed official.
Companies affected by the law were threatening to drop coverage completely or raise employees premiums by as much as 200 percent to comply with the law, CNN said.
Last week, McDonald's denied a Wall Street Journal report that it was threatening to drop coverage for nearly 30,000 hourly restaurant employees. Oak Brook-based McDonald's offers limited coverage to workers at 10,500 mostly franchised restaurants, letting employees pay $32 a week for coverage capped at $10,000 a year, the Journal reported.