(CBS News) -- UPS has said it will drop 15,000 spouses of employees from
its health insurance plan. The delivery company says one reason is the
cost of the Affordable Care Act, commonly referred to as Obamacare. UPS
is one of the first major firms to directly blame the controversial
health care law for changes in coverage.
In a memo to
employees, UPS announced, "Since the Affordable Care Act requires
employers to provide affordable coverage, we believe your spouse should
be covered by their own employer."
The move will likely
give "permission" for other companies to do the same thing, according to
CBS News contributor and analyst Mellody Hobson.
is actually a really big move," she said. "So they are a major employer.
They employ almost 400,000 people. They have been very direct about why
they're doing it -- money. They say this move will save them $60
million. Their health care costs have been escalating about 7 percent a
year, but next year they're saying they're expecting 11.25 percent. They
say they just can't afford it. I think at the end of the day, it's
going to give a lot of other big employers permission to do the exact
The changes will be pinned to Obamacare, but
as "CBS This Morning" co-host Charlie Rose pointed out and Hobson
agreed, they are changes that the company wanted to make anyway.
added, "Employers want healthy employees. They want people to have
coverage, they're just struggling with how to pay for this."
changes, though, are not necessarily a bad thing for employees, Hobson
said, because the spouses will be covered elsewhere. She pointed out,
though, that "those days of where you used to sit down with your spouse
and go over each other's benefit plans and pick the best one, those days
are probably over."
She said, "You won't have that option on a going-forward basis in many companies."
For more on the controversy surrounding Obamacare and the stakes for its success, watch Hobson's full interview above.