The following blurb appeared in an article buried in today's news. "McDonalds got a break Thursday, as did the 351,000 members of the United Federation of Teachers, when the federal government gave waivers to high-profile companies and organizations letting them opt out of a key mandate in the new health care law."
The one-year waiver to 30 employers, insurers and union plans, covers about 1 million people, allowing the groups to maintain minimal coverage below the new law's standards. Administration officials say it's a means to protect lower wage workers wanting coverage and makes sure a new class of uninsured isn't created before other options are available.
But, this is just the tip of the iceberg. As Stuart Varney said the other day, as soon as any issue in the new law is challenged, others immediately become vulnerable leading to the whole ball of yarn eventually unravelling. So, now we have the first instance where the government's backed off and the floodgates have begun to crack. That means perhaps, the new congress won't have to tackle revising the health care fiasco, it might simply blow up by itself.
That's it for today folks
Adios
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