ObamaCare has not even been implemented and yet, as we well know, businesses are already feeling the deep impact…colleges and universities also.
While many other businesses have reduced employees’ hours to avoid additional costs associated with ObamaCare, UPS has announced its plan to cut 15,000 spouses from the company’s health insurance plan instead, reports Atlanta Business Chronicle.
Spouses who don’t work or don’t get coverage from their own employer will get to stay on the plan, reports CNN Money.
In a memo to employees, UPS 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,’”
Andy McGowan, a UPS spokesman says the decision to remove 15,ooo employee’s spouses, who are eligible for insurance at their own jobs, will save UPS an estimated $60 million a year.
A similar cost-cutting and spouse-dropping plan is being implemented at the University of Virginia, because of the costly impact of the President’s health care takeover scheme. Ironically, UVA publicly and proudly supported the passage of ObamaCare, citing its many benefits. Now…not so much.