The Unraveling Of ObamaCare

October 12, 2010

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? asks Investor's Business Daily (IBD).

After telling federal regulators that it would be "economically prohibitive" for its insurance carrier to continue to cover its 30,000 hourly workers unless it received a waiver for its mini-med plans, McDonald's now has waivers 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.
  • 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.

These 30 waivers exempt coverage for around a million workers, teachers, farmers and young people who can now go to the polls with a little less angst.  The rest of us working for other companies and small businesses who got no waivers aren't so lucky, says IBD.

The irony here is that most of these million workers are on the lower end of the income scale, the very people ObamaCare was supposed to help by getting them the insurance they couldn't afford on their own.  They nearly got priced out of the market.

If the provisions these entities are exempt from constitute a hardship so does the entire piece of legislation.  How about granting America a waiver?

Source: "The Unraveling Of ObamaCare," Investor's Business Daily, October 8, 2010.

For text:

http://www.investors.com/NewsAndAnalysis/Article.aspx?id=549883

 

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