My comment: Hope and Change just doesn’t quit. I hope everyone who voted for this president is very happy with what he’s delivered. This will finish the takedown of American Business, full time employment and benefits. Remember the unions were just screaming a few weeks ago, because they realized their hours would be cut to 30 or below. Wonderful isn’t it. Not a surprise to those of us who are awake but quite the shocker for those just waking up or asleep. We told you so!
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.