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Showing Original Post only (View all)UPS to drop 15,000 spouses from insurance, cites ObamaCare [View all]
Source: 11alive.com
4:38 AM, Aug 21, 2013
SANDY SPRINGS, Ga. -- United Parcel Service Inc. plans to remove thousands of spouses from its medical plan because they are eligible for coverage elsewhere.
The Atlanta-based logistics company points to the Affordable Care Act, or ObamaCare, as a big reason for the decision.
The decision comes as many analysts are downplaying the Affordable Care Act's effect on companies such as UPS, noting that the move reflects a long-term trend of shrinking corporate medical benefits. But UPS repeatedly cites ObamaCare to explain the decision, adding fuel to the debate over whether it erodes traditional employer coverage.
Rising medical costs, "combined with the costs associated with the Affordable Care Act, have made it increasingly difficult to continue providing the same level of health care benefits to our employees at an affordable cost," UPS said in a memo to employees.
Read more: http://www.11alive.com/news/article/303460/40/UPS-to-drop-15000-spouses-from-insurance