McDonald's Denies Report of Dropping Health Care

McDonalds restaurant entrance, Wilmington, Delaware, 2007/1/24 AP

McDonald's denies reports it's considering dropping health care coverage for some employees in response to a provision of the health care overhaul.

The Wall Street Journal reported Wednesday, citing a memo from McDonald's to federal officials, that McDonald's has warned regulators it could drop its plan for some 30,000 workers unless the government waives a new requirement in the health care overhaul.

The company says in a statement Thursday it has been speaking with federal agencies to understand the law.

The paper says last week a top McDonald's official told regulators its insurance plan won't meet a requirement for next year that it spend at least 80 percent to 85 percent of its premium revenue on medical care.
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