Fox News is reporting that McDonald’s is preparing to drop health insurance coverage for most workers. Fox says that McDonald’s is telling Federal regulators that the cost of complying with the recent health care reform legislation are too burdensome.
Are we surprised by this? Not in the least. As the nation debated the health care reform, we predicted that large corporations would decide that paying fines to shift the burden of health care for non-executive employees to the U.S. government and state governments would be less costly than actually including health care as part of the average employee’s compensation package.
Way to go, America!