News Roundup: McDonald's considers health care insurance cuts for hourly workers

Nearly 30,000 McDonald's wage workers may lose their insurance benefits if federal regulators do not agree to waive a provision of the new heath care legislation. The stipulation under question forces companies that offer "mini-med" insurance plans to spend at least 80 percent of premiums on medical costs. In a memo to federal regulators, the company wrote that the administrative costs associated with its plans would make this standard "economically prohibitive." Federal regulators have not agreed to make an exception.

Also in the news...

  • Only one Cabrini-Green building remains open after the last two mid-rises at the complex were closed this week. The last building, a high-rise at 1230 N. Burling, is home to 39 families and is set to close on Jan. 15, according to the Chicago Housing Authority.
  • Rahm Emanuel, who is expected to announce his resignation from the White House Friday, might run into some technical trouble with his Chicago mayoral bid. Election law attorney Burt Odelson says that leasing his Chicago property to someone else while living in D.C. might make Emanuel ineligible for the upcoming election. An 1871 state law stipulates that candidates must live in their jurisdiction for a year before the election. By renting out his home instead of leaving it unoccupied, Emanuel "gave up his interest in the City of Chicago," according to Odelson. 
  • Gov. Pat Quinn announced this week that the Put Illinois to Work (PIW) program will be extended for two months while Congress votes on the continuation of the Temporary Assistance for Needy Families Emergency Contingency Fund. PIW has created 26,000 jobs since last April and is funded in part by the federal program, which expires on Sept. 30.

    --Compiled by Ryan Jacobs

 

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