This story has been out all day today and yet has found its way here.
Under ObamaCare McDonald’s Workers Should Ditch Their “Benefits” And Join The Exchange
By DAVID WHELAN
Image via Wikipedia
As a follow-up to my earlier post on McDonald’s clumsy foray into the health reform debate, check out this blog by E.D. Kain at Balloon Juice. Kain looks at what a McDonald’s worker pays right now for limited-benefit coverage and compares to what’s coming under health reform:
Under ObamaCare McDonald’s Workers Should Ditch Their “Benefits” And Join The Exchange
By DAVID WHELAN
Image via WikipediaAs a follow-up to my earlier post on McDonald’s clumsy foray into the health reform debate, check out this blog by E.D. Kain at Balloon Juice. Kain looks at what a McDonald’s worker pays right now for limited-benefit coverage and compares to what’s coming under health reform:
I went over to the Kaiser Family Foundation to take a look at what I might qualify for under the healthcare law if I were a single McDonald’s worker (using 2014 dollars). Generously assuming I’d make $10/hour (I believe shift managers make about $9.81/hour) I calculate my yearly salary at $20,800 – or about 181% of poverty. Turns out I’ll be on the hook for a premium of about $1127 a year, or about $21 per week. That’s $11 less a week than I’d pay for McDonald’s mini-med benefits. But instead of yearly maximum benefit of $10,000 I’d have no maximum benefit at all since maximum benefits are no longer legal. And I’d only have a maximum out-of-pocket expense of $2,083. This plan – a ‘silver’ plan under the new law – is going to be quite a lot better than McDonald’s, actually.
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