If you like your spouses insurance,
you may not be able to keep it...
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, reports Kaiser Health News.
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,
Kaiser Health News reports. But UPS repeatedly cites Obamacare to
explain the decision, adding fuel to the debate over whether it erodes
traditional employer coverage, Kaiser says.
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.
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