KenDckey -> RE: McDonald's gives an ObamaCare Lesson (2/5/2011 5:39:22 AM)
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Yup exactly. And they didn't want to be the first to go on record that they were going to drop insurance. I wonder tho, and since I doubt anyone has the specifics as it would be a company secret, if the individual contributions would increase, does that cover the increase in profits for the insurance company where they are making less than their legislated profit margin currently? I kknow no response required. But it is courious that the premiums would rise under this plan. My premiums for my govt provided insurance (the one I opted out from) were approx $350 a month. The other got one that I did keep is $100 a month. My wife's cobra payment for Wal-mart was $460 a month. These are facts based upon my personal experience with the civilian insurance world (one which I will admit make very little sense to me). Now if that is required to cover the statutory amount + profit margin I wonder how the insurance police (my new govt sub agency of the IRS to enforce this and cheaper to get agents than using current treasurery agents) is going to find out what is profit and what is expense. And am I gonna have to testify if they aren't (along with all the other plan participants) Now if we have to raise the employees rates at McDonalds to cover the same coverage, and just for shits and giggles we will say that the kids are getting 20 hr weeks, then their cost would be $175 a month. At minimum wage (I don't know what they make so that is what I am using for discussion purposes) then they would have to work to pay for the $160 a month increase (the $175 premimum minus the $15 a month they are currently paying) or about 22hrs a month (hmmmmm that is 2 hrs more than they are working - something wrong with this picture). Just wondering
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