30,000 McDonalds Employees May Lose Health Plan Due to Obamacare

According to the WSJ, it would be come cost prohibitive to provide approximately 30,000 of its employees with its existing "mini-med" health care plans if it does not get a government waiver to the new loss ratio rule put in place under the disastrous Obamacare diktat.

Last week, a senior McDonald's official informed the Department of Health and Human Services that the restaurant chain's insurer won't meet a 2011 requirement to spend at least 80% to 85% of its premium revenue on medical care.

McDonald's and trade groups say the percentage, called a medical loss ratio, is unrealistic for mini-med plans because of high administrative costs owing to frequent worker turnover, combined with relatively low spending on claims.

...McDonald's move is the latest indication of possible unintended consequences from the health overhaul.

Except of course, that this was not "unintended." As we all know, Obama has intended for everything he has produced thus far. Karl Marx would be proud...