McDonalds Adamant On Continuing Healthcare Coverage For Base-Level Employees

October 1st, 2010 - 7:29 pm ICT by GD  

By Meena Kar
mcdonaldsOct 1, (THAINDIAN NEWS) America’s favorite restaurant chain McDonalds has vehemently denied the rumors that the healthcare coverage for the low level employees will be reduced due to the new system introduced by President Barack Obama. The food giant is known for providing its low level employees with minimal health care benefits. The benefits cover some basic medicines and doctor visits but are crucial to the company’s internal public relations. The new system by the US Federal Government states that the company should spend at least 80% of the premium revenue on medical costs. McDonalds said that the system makes it impossible for it to continue the healthcare plans that it follows presently. It has, however, confirmed that it does not plan to drop the healthcare benefits completely but rather look for some alternative insurance plans for the employees if it is not exempted from the new regulation.

McDonalds had petitioned to the US government to exempt the company from the new regulation as it felt that the rule could hamper the present health care benefits of as many as 29,500 employees. An insider has revealed an excerpt of the petition the media and it said that the company was concerned for the employees healthcare packages and the new regulation would take away from them something that had a positive impact in their lives.

The new regulation by the President Barack Obama government has been a topic of debate for many financial experts, but the Federal government has been adamant about its implementation so far. Several other companies too have revealed that they might have to stop providing the coverage to their employees due to the new plan.

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