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.
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 (NYSE: 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.
Small government conservatives and libertarians were telling everyone this is what would happen. It sucks being Cassandra.
Obamacare is just a step to destroy the private market and bring everyone into government health control, where IPABs will declare you obsolete.