ACA Continuing to Work Normally
In news that should surprise no one, the Department of Health and Human Services has announced a set of temporary waivers for companies that provide mini-med healthcare insurance:
Thirty companies and organizations, including McDonald's (MCD) and Jack in the Box (JACK), won't be required to raise the minimum annual benefit included in low-cost health plans, which are often used to cover part-time or low-wage employees.
....The plans will be exempt from rules intended to keep people from having to pay for all their care once they reach a preset coverage cap. McDonald's, which offers the programs as a way to cover part-time employees, told the Obama administration it might re-evaluate the plans unless it got a waiver....The waiver program is intended to provide continuous coverage until 2014, when government-organized marketplaces will offer insurance subsidized by tax credits, says HHS spokeswoman Jessica Santillo.
In other non-shocking news, HHS also announced a couple of days ago that 3,000 companies so far have signed up to take part in a program that protects early retiree programs until healthcare reform fully kicks in in 2014. There are certain to be unanticipated bumps in the road as healthcare reform unfolds over the next few years, but so far everything that's happened has been pretty much according to plan. Somebody tell the Wall Street Journal.