Starbucks is offering to foot the bill for critical illness insurance coverage for the parents of some employees in China. Only the parents of employees who have worked with the company for a minimum of two years qualify for the health insurance program. Called the "Starbucks China Parent Care Program," the insurance plan will cover more than 10,000 parents of the coffee giant's Chinese employees, the company said in a press release. The policy also stipulates that employees' parents have to be below 75 and live in China in order to qualify for coverage. The insurance provider involved in the initiative is the state-owned China Taiping Insurance, Chinese state media outlet Xinhua reported.
Dems tying health insurance backing to government shutdown standoff
The payments are used to reduce health care costs under Obamacare for low-income people. A Democratic source told CNN Thursday that discussions about tying the funding to the coming showdown were already underway, but the President "threw gas on the fire" with his threat. The promise from Democrats comes a day after Trump told the Wall Street Journal he may stop "cost-sharing reduction" payments to health insurers as a tactic to bring Democrats to the negotiating table. "What I think should happen — and will happen — is the Democrats will start calling me and negotiating." Democratic leaders immediately slammed Trump's comments Wednesday, but Thursday's news, which was first reported by The Washington Post , is the first indication they are ready to fight back.collected by :Lucy William
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