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N.J. Federal Medtronic Insulin Pump Action Dismissed As Preempted

N.J. Federal Medtronic Insulin Pump Action Dismissed As Preempted
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Detailed text transcripts for TV channel - FOXNEWS - 20101208:18:48:00

healthcare system. megyn: they are saying it's only the mini-med plans. they say when can't comply with the new law because we are not allowed to have any caps on how much we pay out over the lifetime of the policy and that won't work when you employ as many people as we do and you are giving them the mini-med as opposed to the rolls-royce med. >> that's accurate. they have a lot of part-time work force. some of those workers are getting a mini-med plan because they are not full-time employees. so they are not only contributing to, but they are not working the hours that would pay into even with the labor into a full-time employee benefit plan. thus the mini-meds and the waivers. in the sense that the plan didn't consider the part-time emexplosiveees and that was one of the criticisms i had when the

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Detailed text transcripts for TV channel - FOXNEWS - 20100930:23:07:00

coverage for their employees. molly henneberg live in d.c. tonight, molly, how does the new law affect these mini-med plans, so many people seem to have. >> reporter: hi, they come january, insurance companies must spend 80 to 85% of their revenue on patient carats than administrative expenses or salaries and mini-med, limited benefit plans often have higher administrative costs because they cover people in industry and -- with lots of turnover and lots of paperwork and critics say companies don't know what the final regulations will say, here's more. >> you have peaceful legislation that was not well thought out and you are giving really blank checks to a bunch of regulators to make it up as they go along. >> reporter: some insurance companies, he said, may stop offering such plans altogether. >> mcdonald's says everybody is off base on this and it's not planning to drop coverage. >> reporter: the corporation says reports it plans to drop health care coverage are, quote,

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