Blaming Obamacare – the Affordable Care Act – UPS has announced that they will not be covering spouses of employees who can get coverage elsewhere, according to a USA Today report on Tuesday. Like thousands of other companies taking anti-Obamacare action this fall, UPS is making the move to save much cost with the new policy which will effect some-15,000 workers.
Though pro-Obamacare political analysts say that dropping spouses from insurance coverage has been a trend, UPS – a huge delivery company – asserts that the reason for the change in policy is only due to Obamacare’s financial impact on the company.
UPS employees received a memo which said that 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.
One method being used to deal with Obamacare is that some companies are charging a surcharge for working spouses’ medical coverage – however, many are handling the extra cost in the same method as UPS by not offering any coverage at all.
A UPS spokesperson, Andy McGowan, said that the new policy – which will only affect non-union members – will save the company approximately $60 million annually.