How’s That Obamacare Waiver Workin’ Out For Ya?

Barack Obama speech 11 SC How’s That Obamacare Waiver Workin’ Out for Ya?

Exactly two years ago this week, the Obama administration announced it had issued more than 100 waivers en masse to a select group of companies, unions and other health insurance providers seeking relief from the onerous federal health care law. The Obamacare waiver winner’s club now totals 2,000. Where are they now?

Answer: In the same miserable boat as every other unlucky business struggling with the crushing costs and burdens of the mandate.

Among the first and most prominent recipients of the Obamacare waivers for favors were large restaurant chains that provide low-wage, seasonal and part-time workers with low-cost health insurance plans called “mini-med” plans. An estimated 1.7 million workers benefit from such plans. Obamacare forced companies carrying such coverage to raise their minimum limits on coverage to no less than $750,000 annually. Another Obamacare provision forces all employers to spend at least 80 percent to 85 percent of their premium revenue on medical care.

The social justice Democrats’ goal was to dictate insurance provider spending not just on coverage amounts, but also on executive salaries, marketing and other costs. The regulation punished companies with mini-med plans whose high administrative costs were due to frequent worker turnover and relatively low spending on claims — not “greed.” Complying with the provision would have meant tens of thousands of low-income workers would lose their benefits altogether.

Darden Restaurants, the Florida-based parent company of Olive Garden, LongHorn Steakhouse, Red Lobster and other chains, was a member of the Obamacare waiver early bird special. Their get-out-of-Obamacare card helped spare the company’s health insurance benefits for nearly 34,000 employees. Breathing a sigh of relief that it would allow chains to continue offering all employees access to affordable health insurance, Darden said in a statement in the fall of 2010 that “the waiver allows us to continue to do that as the various phases of the health care law are implemented.”

Read More By Michelle Malkin .

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Comments

  1. Well, if it hasn’t bitten them on their collective asses yet, give it time, it is gonna bite them all with a vengence! Wait and see, all the old idiots who so worshipped this SLIME BALL before, and went hog wild over this “healthcare” lie, them, and the young fools, and the stupid business owners who DID support this fiasco, this nightmare to come, are all going to pay the HIGH PRICE for it soon, and it will by then, be too late to do anything about it. And, I will LMAO when it does happen. Why not laugh? I may as well, as humor is the “best medicine”, and God knows I sure can’t afford any medicine provided by the HIGH PRICED doctors anymore! I have heard many, many older folks, and younger ones as well, tout the “benifits” of this ABORTION OF A “healthcare” bullcrap, and each time I hear this, I wonder at the incredible STUPIDITY OF THOSE WHO SHOULD KNOW BETTER! Age is SUPPOSED to bring wisdom, and EDUCATION is supposed to EDUCATE people, but from all I see, NEITHER ONE SEEMS TO HAVE DONE SQUAT FOR EITHER AGE GROUP! Stupid, stupid, and stupider!!! Just wait until the shoe drops, or should I say, “until the BOMB FALLS!?”

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