From the Atlanta Business Chronicle:
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.
According to Kaiser, UPS told white-collar workers two months ago that 15,000 working spouses eligible for coverage by their own employers would be excluded from the UPS plan in 2014.
UPS expects the move, which applies to non-union U.S. workers only, to save about $60 million a year, company spokesman Andy McGowan said.
Gee, I wonder if any of those spouses will have to change doctors …As it turns out, if they liked their insurance, they aren’t going to get to keep it. Of course, as we noted recently, Secretary of Health and Human Services, Kathleen “Nurse Ratchet” Sebelius quietly noted on the Department’s website that you “may” be able to keep your plan after Obamacare, which is not what the One told us prior to the law’s passage.
Never mind. Nothing to see here. Did you see the latest news? The Obamas have a new puppy!!