I read an article in the Wall Street Journal (I would post the link, but it's not free) about McDonald's executives having to defend their healthcare options for their hourly chain workers.
Rundown:
Assumes $8/Hour @v40 hours/Week
Employee Cost
$710 ($27.31/Check)
Annual Benefit Cap
$2000
Pre Tax % of Income (Cap as % of Income)
4.3% (12%)
After Federal Tax % of Income (Cap as % of Income)
4.9% (13.7%)
How does McDonald's justify having employees pay $710 annually for just $2000 of medical coverage? That's 1 trip to the emergency room. I just had an appendectomy and I know $2000 doesn't cover it. The cheapest corporate healthcare plans McDonald's offers cost $682 & $920 and have no annual cap. Only 10% of hourly workers hit the annual limit and the insurance company keeps the rest of the premiums. The insurance company gets away this cap thanks to McDonald's. This is not health insurance, this is effectively payment $710 to go to the doctor and get some medication. If anyone is really sick they are screwed. Under the new healthcare law the annual cap should be $750K but that was waived for McDonald's because the company said they would drop insurance for their hourly workers. Sen Kay Bailey Hutchinson of Texas defended McDonald's.
I ran some numbers:
If 250K workers participate
$178M in Revenue
10% hit the cap + 2% to account for other coverage
$60M in expenses
$118M Rough Gross Margin, 66%
If 100K workers participate
$71M in Revenue
10% hit the cap + 2% to account for other coverage
$20M in expenses
$51M Rough Gross Margin, 72%
This is what's wrong with this country. McDonald's is large enough that they could push on a health insurance company to get a more favorable deal, however the corporation doesn't want to incur anymore costs for people they could really care less about because they know they can easily replace them as this country moves towards producing more and more uneducated children.
This is why a public option or healthcare co-ops would work. If the working poor, which is what you are when you have a healthcare limit of $2000, could at least pool their money then it could be used to provide healthcare to those who need it rather than go to corporate profits. I'm not against corporate profits, except when it comes to health insurance companies.
Friday, December 3, 2010
Thursday, December 2, 2010
Monday, November 29, 2010
NFL Week 11 Recap
The Chargers are in their annual 2nd half season push. Phillip Rivers MVP talk needs to be tamed down as he is clearly being helped by one of the best defenses in the league. The Chargers defense got 4 picks off Peyton Manning. Are the Colts going to miss the playoffs? They play the Cowboys this week so they should win...
The Bears contained Mike Vick, kind of. Desean Jackson is apparently frustrated by his lack of production. I can't fully blame him for trying to avoid a safety looking to hit him after the shot he took about a month ago but he can't complain after that. The Bear's D deserves credit as does the horrible field but Jay Cutler won that game. Asante Samual not playing was huge. The best baiting corner in the league against the 2nd or 3rd biggest gunslinger...
The Falcons deserve credit for beating the Packers... But not a lot, a key play wasn't reviewed because the Superdome replay tech didn't provide the replay in the stadium. Yes it is up to that person whether the assistants see the replay quickly or not. Anyway Tony Gonzalez dropped a 4th down pass on a scoring drive. I still say they are overrated. Don't talk to me about Matty Ice, moving the Falcons 25 yards at the end of the game...
Derelle Revis looks like an above average corner, but his elite status is gone. Is he even a top 5 corner? Nnamdi, Asante, Cromartie, Woodson, Champ... I'm gaining some respect for Sanchez, but I'm not sold. He's got so many weapons he should be killing it. Since we're close to focal he gets a successful.
Andre Johnson beat Cortland Finnegan's ass and that punk deserved it. All he does is try to irritate people, and he got his. Both got fined $25K. Finnegan acts kinda like Jeff Fisher...
Irvin: He did a wonderful job blocking those punches... With his face
Deion: Watch this 3 piece spicey, let's count them together. 1,2,3...
NFC Ranking:
1. Saints
2. Packers
3. Bears
4. Eagles
5. Falcons
AFC Ranking:
1. Ravens
2. Chargers
3. Patriots
4. Jets
5. Steelers
Fantasy:
Appendix-Less 11-1
Gucci Playlist 5-7
Southern Music Schizophrenic 4-8
Admins Have Songs They Won't Dance To? 7-5
Q Injured By Week 6 4-8 Bottom of his own league & beaten by the Southern Music Schizophrenic (that sounds like an OutKast album)
Peyton 4 INTs > McNabb 5-7
The Bears contained Mike Vick, kind of. Desean Jackson is apparently frustrated by his lack of production. I can't fully blame him for trying to avoid a safety looking to hit him after the shot he took about a month ago but he can't complain after that. The Bear's D deserves credit as does the horrible field but Jay Cutler won that game. Asante Samual not playing was huge. The best baiting corner in the league against the 2nd or 3rd biggest gunslinger...
The Falcons deserve credit for beating the Packers... But not a lot, a key play wasn't reviewed because the Superdome replay tech didn't provide the replay in the stadium. Yes it is up to that person whether the assistants see the replay quickly or not. Anyway Tony Gonzalez dropped a 4th down pass on a scoring drive. I still say they are overrated. Don't talk to me about Matty Ice, moving the Falcons 25 yards at the end of the game...
Derelle Revis looks like an above average corner, but his elite status is gone. Is he even a top 5 corner? Nnamdi, Asante, Cromartie, Woodson, Champ... I'm gaining some respect for Sanchez, but I'm not sold. He's got so many weapons he should be killing it. Since we're close to focal he gets a successful.
Andre Johnson beat Cortland Finnegan's ass and that punk deserved it. All he does is try to irritate people, and he got his. Both got fined $25K. Finnegan acts kinda like Jeff Fisher...
Irvin: He did a wonderful job blocking those punches... With his face
Deion: Watch this 3 piece spicey, let's count them together. 1,2,3...
NFC Ranking:
1. Saints
2. Packers
3. Bears
4. Eagles
5. Falcons
AFC Ranking:
1. Ravens
2. Chargers
3. Patriots
4. Jets
5. Steelers
Fantasy:
Appendix-Less 11-1
Gucci Playlist 5-7
Southern Music Schizophrenic 4-8
Admins Have Songs They Won't Dance To? 7-5
Q Injured By Week 6 4-8 Bottom of his own league & beaten by the Southern Music Schizophrenic (that sounds like an OutKast album)
Peyton 4 INTs > McNabb 5-7
Realest Op Ed On Fisher v VY
http://msn.foxsports.com/nfl/story/jeff-fisher-vince-young-tennessee-titans-cruel-game-112910
Highlights:
Titans could be in their division hunt
VY was in the wrong, however he snapped because Fisher pushed him too far
Young said he could have gutted the season out
Young was having his best season (98.6 Rating)
The Titans quit on Fisher because of how he has treated Young
Fisher has 5 playoff appearances in 16 years (I've heard 6)
Fisher works the media, ESPN in particular
He signed Chris Mortensen's son as a free agent (couldn't start at Samford)
This isn't a race issue
My thoughts:
The fact that Chris Mortensen has been the main ESPN reporter regarding this issue is egregious. ESPN has too much influence on public opinion. Fisher gets way too much credit considering his coaching record.
I don't agree with apologies through text messages however how do you apologize face to face to someone who banishes you from the facility?
Highlights:
Titans could be in their division hunt
VY was in the wrong, however he snapped because Fisher pushed him too far
Young said he could have gutted the season out
Young was having his best season (98.6 Rating)
The Titans quit on Fisher because of how he has treated Young
Fisher has 5 playoff appearances in 16 years (I've heard 6)
Fisher works the media, ESPN in particular
He signed Chris Mortensen's son as a free agent (couldn't start at Samford)
This isn't a race issue
My thoughts:
The fact that Chris Mortensen has been the main ESPN reporter regarding this issue is egregious. ESPN has too much influence on public opinion. Fisher gets way too much credit considering his coaching record.
I don't agree with apologies through text messages however how do you apologize face to face to someone who banishes you from the facility?
Sunday, November 28, 2010
His Airness Speaks to Lebron...
My thoughts on Lebron are well known, I thought this was understated...
Jason Whitlock:
Good googly moogly, I finally watched the Jordan-mashup-Lebron-commercial. No better clown suit has ever been stitched. Game over.
I can't wait to see what the following have to say:
Skip
Wilbon
Jim Rome
Broussard (the Lebron apologist)
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