United Parcel Service Inc.’s decision to drop health benefits for 15,000 of its workers’ spouses may be a sign of the future, as U.S. businesses grapple with rising medical bills and the added burdens of Obamacare.
It’s not entirely clear why United Parcel Service Inc. is blaming the Affordable Care Act for its decision to drop 15,000 of its workers’ spouses from the company’s health-insurance plan. What’s clear is that it’s not a terrible thing: It’s simply a shift of health-care costs from UPS to the spouses’ employers who already offer health insurance.
Health insurance isn’t like other forms of insurance. It’s not protection against the unlikely; it’s insulation against the inevitable. Most people never use their fire insurance. Almost everyone uses their health insurance. Eventually.
Republican governors seeking to make their states enemy territory for Obamacare are facing a counteroffensive. Among the vanguard: two 74-year-old retirees walking the streets of working-class New Jersey.
Tax credits to buy medical coverage next year will average $2,672 per family under President Barack Obama’s health-care system overhaul, a benefit that will make the plans more affordable than some critics have predicted.