The Unraveling Of ObamaCare

Thirty companies and organizations get waivers from the new health care overhaul because otherwise they'd have to raise rates or drop coverage. The president said neither would happen. Hey, where's our waiver? When McDonald's told federal regulators in a recent memo that it would be "economically prohibitive" for its insurance carrier to continue to cover its 30,000 hourly workers unless it received a waiver from the ObamaCare requirement that 80% of premiums for such minimed plans be spent on medical care, alarm bells went off in the White House. Suddenly the "affordable health care for Americans" that House Speaker Nancy Pelosi spoke of when she passed a bill no one had read was revealed to be an unaffordable fraud that threatened to throw untold numbers of young workers into the ranks of the uninsured in an already precarious election year. So now McDonald's has its waiver, for 115,000 workers, not just 30,000. Jack in the Box also has a waiver, as do 28 other companies and organizations. The largest waiver, for 351,000 people, is for, appropriately enough, a union — specifically the United Federation of Teachers Welfare Fund, a New York brotherhood that covers teachers. The United Agricultural Benefit Trust, a California-based cooperative that provides such low-cost minimal coverage to farmworkers, was allowed to exempt 17,347 workers. Even what has been dubbed RomneyCare gets a waiver, with Massachusetts' universal health coverage bureaucracy getting an exemption for about 5,000 people. Remember the days of sharing the burden and spreading the wealth? ..more