McDonald’s not dropping health benefits

October 1st, 2010 - 8:09 pm ICT by Aishwarya Bhatt  

mcdonalds Oct 1 (THAINDIAN NEWS) Steve Russell, Senior Vice President of popular fast food chain McDonald’s has refuted earlier speculation that the company was thinking about scrapping some employee health care benefits.

Earlier reports had stated that the fast food giant planned to cut down the health care benefits of about 30,000 employees, if the company failed to get a waiver for new regulations by the federal government.

The report also stated that that rival restaurants and fast food chains were planning to implement similar measures like McDonalds and these major corporations were looking to hit back at the Obama government for signing the new health care laws.

McDonald’s health care program at the moment charges employees $14 per week premium for health benefits that takes care of $2000 maximum medical bills every year. Some employees also pay premiums of $32 per week and this also takes care of medical bills worth $10,000 and below.

All of us have our fingers crossed and waiting to see the effect of the new health care bill on the individual employee health care benefit programs for many American firms. The federal government will be surely disturbed, if it leads to cancellation of some of these health care benefit programs by some firms.

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Health |