McDonald’s employees are likely to lose their health care as a result of the health care nationalization law. McDonald’s says the high rate of turnover among its employees make it impossible for it to keep administrative costs as low as required by the new law. McDonald’s says it may be forced to discontinue the plan if it doesn’t receive a waiver of the medical-loss-ratio requirement.
The requirement is the result of Democratic geniuses who thought they could dictate how business works by governmental fiat:
Democrats who drafted the health law wanted the requirement to prevent insurers from spending too much on executive salaries, marketing and other costs that they said don’t directly help patients.
No doubt the left will pillory McDonald’s for this, even though most restaurants don’t offer health care in the first place, and even though it’s not clear how McDonald’s can wave a magic wand and make its administrative costs go away. But even if we suppose that this is somehow purely greed, greed is foreseeable. Democrats cannot blame the foreseeable consequences of their policies on others.
When President Obama said if you like your health care you could keep it? That was a lie.
Internet Scofflaw 