I agree with CityDog, what you fail to understand is that EVERY large company, public or private, will have to comply with Obamacare. The evolving effects of Obamacare has made it harder for companies to predict the effect on their bottom lines. Not only are medical cost rising but so are the added cost of the ACA. FedEx is self insured but they also pay other companies to administer the coverage, in my case it's Blue Cross Blue Shield. FedEx pays BCBS an administration fee plus each employees claims as they come in. In order to combat the rising cost of healthcare, FedEx, just as most other companies, have done away with the traditional PPO's and they now offer more consumer driven HSA plans which require employees to think more about how to cover their medical needs using their coverage. And let's not forget all of the fees that come along with Obamacare that employers such as FedEx must pay. A couple of examples are the "patient-centered outcomes research institue fee" which pays for research into the effectiveness of medical treatments and the "transitional reinsurance fee" which goes to insurers that cover high cost patients. These fees must be paid by FedEx which means these cost are passed on to their employees....just as with all companies.
On the other side of your post, we also have an employee in Clt that just had quintuple bypass surgery. The total cost of his surgery was in excess of $185K but thanks to our so called crappy insurance, his total out of pocket cost was $4,900!!!!!
You, as well as others, may THINK our insurance is crappy but I suggest you go look on the open market and see what you can get for the measly $200 or so a month that we pay. I think you'll find that although our insurance isn't the best by any means, it's far from being the worst.....which is what some are making it out to be.
Also, my wife works for a union company and we continue to go with my insurance every year.....except for vision, Davis vision SUCKS!!!!! Our insurance is slightly better and when you add the spousal fee that they added this year, ours is definitley cheaper! (The spousal fee is when your spouse is offered insurance through their employer but they decline in order to join the union employer's insurance, they've added a $1000 a month penalty fee) I'm sure someone will correct me if I'm wrong but didnt UPS apply this same fee to their insurance or do they now just deny coverage to those spouses that have insurance available through their own employer?