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

November 16, 2012 @

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.

5 Comments → “How’s That Obamacare Waiver Workin’ Out for Ya?”

  1. Pat

    7 years ago

    The real nasty part is the 30 hour a week rule in Obamacare. Employers of people working less than 30 hours a week don’t have to provide insurance. Watch for a lot of fulltime workers getting cut back to 28 or 29 hour a week shifts. This is a disaster for people who are barely getting by on 40 hour weeks…

  2. Tacoma Gus

    7 years ago

    Obimbo isn’t that stupid, he kn ew exactly what this mandate would do to people. But so many stupid people who voted to keep a man that isn’t vetted to this day. Is serves the people who voted for this dipsh*T.
    I wonder how many of the 18,500 ignorantly voted to get fired? We tried to tell them.

  3. Doug Rodrigues

    7 years ago

    I’ve always had a fantasy about owning a company with workers making unreasonable demands on me, and I simply close the company. Hat’s off to Hostess for doing exactly that!

  4. Rip

    7 years ago

    Can anyone say “Clowerd Piven Plan” ??? It’s working

  5. Timothy Buchanan

    5 years ago

    The whole of Obamacare is nothing but a shell game. Health care coverage now costs 3 times what it did last year for less benefit. Oh, but you can get a SUBSIDY! The subsidy doesn’t come close to providing the coverage that the free market offered just last year. Does anyone believe that healthcare costs are ever going to decline? (Other than libs, I mean.)

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