Did you catch the news yesterday? I mean how could you miss it?
The United Parcel Service became the latest in a long line of employers to lay off health benefits for employed spouses of some of its workers. Hell, we did it here at our own company years ago.
Now while the Atlanta-based shipper might be late to this party, I'm assuming it made the news because, aside from being the nation's fourth largest employer, the company went out of its way to blame the Patient Protection and Affordable Care Act. And, yeah, we had the story, too.
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But it probably gained traction because of the fodder it offered both sides of the Obamacare divide:
The left could point their self-righteous fingers at UPS and scream, "Look at those evil capitalists trying to circumvent the law and stick it (again) to its workers."
While the right could nod their all-knowing heads sagely and declare, "This is why this law is bad for business and bad for America. It's killing the economic recovery."
Keep in mind this only applies to white-collar, non-union, U.S. workers only, amounting to roughly 15,000 spouses, out of about 400,000 employees — figuring out to less than 4 percent of their global workforce.
This move puts UPS in a small, but growing group of employers cutting spousal benefits, a number that — while still making up less than 10 percent of employers — has doubled in the last four years.
And let's be honest, while PPACA probably played a role in the actual economics of the decision, including a way to get out from under the looming Cadillac tax, blaming the bogeyman of health care reform is a pretty convenient — and effective — cover for any company that's been considering job and benefits cuts for any length of time. You get to cut costs, while dodging the bad press. It's not your fault; it's Obama's.
And who knows, maybe economically speaking, we've outgrown spousal coverage altogether, especially given the rise of the dual-income households since the 1950s.
Don't get me wrong, it's still bad legislation and we'll be working our way through this mess for years to come, but let's keep things in perspective. Ever since the economy tanked in the financial meltdown, this trend has been growing. Corporations now just have a scapegoat.
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