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UPS Dropping Spouse Health Care Options
CEDAR RAPIDS (CBS 2/FOX 28) --
UPS says it will drop about 15,000 employee spouses from its health insurance plan.
Company officials say one reason they're dropping the spouses - money.
UPS says the Affordable Care Act, commonly called Obamacare, would raise their costs 11.25%.
That's nearly 5% higher than the jump last year.
By dropping employee spouses from coverage, the company says it could save $60 million.
In a memo, the delivery company wrote: "Since the Affordable Care Act requires employers to provide affordable coverage, we believe your spouse should be covered by their own employer."
Analysts tell CBS News that since UPS is such a big employer, other companies may follow in their footsteps by dropping spouse options.