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.