Obamacare: Truth and Myths

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Myth: Employers aren't changing the insurance they offer because of Obamacare.
"If you like your health care plan, you can keep your health care plan," said President Obama in 2009 as he worked to sell the health care bill that would result in the Affordable Care Act. For many Americans, fall means open enrollment season for their employee-based health care plans. And some of those plans have definitely changed.

Here are some high profile examples: Citing the Affordable Care Act, UPS announced it would drop health coverage for some spouses of employees who were eligible for health insurance elsewhere. And Home Depot said it would shift its part-time employees to public health insurance exchanges instead of providing insurance through the company.

The truth is, some health insurance plans would be required to change because of the Affordable Care Act: Either they don't meet the minimum coverage requirements of the new law, or they are too generous -- so called "Cadillac" insurance plans.

But not all changes stem from the new law. Employers have been changing health insurance plans for years before the ACA. For example, the average deductible has increased every year since 2006 -- before and after the health care law -- according to the Kaiser Family Foundation.

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