UPS and a growing list of other big companies will end health insurance coverage of employees' spouses this fall if they can get coverage elsewhere — an unwelcome result, at least in part, of Obamacare.
Increased medical costs, "combined with the costs associated with the Affordable Care Act (ACA), 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.
A survey by consultant Towers Watson found that in 2013, 4 percent of large employers excluded spouses who also had coverage at their own workplace, and 8 percent planned to implement the restriction next year, Kaiser Health News and USA Today reported.
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