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| President and Speaker Pelosi |
From Bloomberg - “We have to pass the bill so that you can find out what is in it.” -- House Speaker Nancy Pelosi, March 9, 2010. She wasn’t kidding. The public got to peek under the hood last week when the Wall Street Journal reported that McDonald’s Corp. wanted out: out of a requirement in the new health-care law that compels employers to spend 80 to 85 percent of premiums on medical benefits. Who knew? For McDonald’s mini-med health-care plan, a low-cost, limited plan covering about 30,000 hourly fast-food workers, the minimum medical loss ratio was economically unfeasible. The company asked for a waiver, according to memos provided to the Journal. Read more here:
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