Employers Place Blame on Obamacare Costs for Big Benefits Changes

They can't afford to take the hit

No more health benefits for spouses. Higher deductibles for employees. More cost-sharing.

Employers are citing increased costs imposed by the Affordable Care Act—as Obamacare is formally known—as part of the reason they are pulling back on benefits.

President Obama said this spring that little will change for the 85% to 90% of Americans who already have coverage, only that "their insurance is stronger, better, more secure than it was before."

But that's actually not the case at a growing number of companies.