[Vision2020] Hypocrisy and the Hobby Lobby
Scott Dredge
scooterd408 at hotmail.com
Thu Apr 3 21:26:15 PDT 2014
I wouldn't exactly say that 'this is the height of hypocrisy'. They may have been unaware of this and it remains to be seen if they try to do anything about changing their 401k plan. The Green's position on plan B and IUDs isn't logical anyway because it's rooted in so-called 'religious freedom' which, if upheld by the Supreme Court, would arbitrarily allow any business owner to exert their control over any line item in their employee's insurance coverage until the next similar cases reach the high court.
From: debismith at moscow.com
To: thansen at moscow.com; vision2020 at moscow.com
Date: Thu, 3 Apr 2014 20:37:03 -0700
Subject: Re: [Vision2020] Hypocrisy and the Hobby Lobby
Why am I not surprised......
Debi R-S
----- Original Message -----
From:
Tom Hansen
To: Moscow Vision 2020
Sent: Thursday, April 03, 2014 5:45
PM
Subject: [Vision2020] Hypocrisy and the
Hobby Lobby
Concerning the Green family
(pronounced "Hobby Lobby") religious convictions . . . well . . . er . . . uh
. . .
Courtesy of today's (April 3,
2014) Spokesman-Review.
-----------------------------------
Hobby
Lobby 401(k) holdings include contraceptive makers
WASHINGTON – The company leading the
legal challenge against birth control coverage under the new health care law
offers its workers a retirement plan that includes investments in companies
making contraceptive and abortion drugs.
Hobby Lobby Stores Inc. has a 401(k)
plan featuring several mutual funds investing in pharmaceutical firms that
produce intrauterine birth control devices, emergency contraceptive pills and
drugs used in abortion procedures, according to Labor Department documents and
a review of fund portfolios.
Hobby Lobby and the Green family that
owns it say their religious beliefs prohibit them from offering health
coverage for contraceptive drugs and devices that can work after conception.
The retailer and others have sued the Obama administration, challenging the
Affordable Care Act’s requirement that employers provide coverage for all
approved forms of birth control, including the morning-after pill and similar
drugs that may work after an egg has been fertilized.
The Supreme Court heard arguments last
week and is expected to issue a ruling by June.
“This is the height of hypocrisy,”
Cecile Richards, president of Planned Parenthood Action Fund, said in a
statement. “Hobby Lobby’s CEO wants to deny the company’s 13,000 employees
access to affordable birth control, while investing in pharmaceutical
companies that make it.”
Hobby Lobby spokeswoman Emily Hardman
did not immediately respond to a request for comment. The magazine Mother
Jones first reported Hobby Lobby’s retirement plan
investment holdings.
Hobby Lobby’s 401(k) plan includes
funds that invest in Teva Pharmaceutical Industries, maker of Plan B, known as
the morning-after pill, and ParaGard, an intrauterine device. Hobby Lobby
objects to offering employee coverage for both forms of
birth control.
Other holdings include Pfizer, maker of
the drugs Cytotec and Prostin E2 used to induce abortions, and Forest
Laboratories, maker of Cervidil, which is also used to
induce abortions.
The pharmaceutical companies are among
dozens of holdings by each mutual fund, and represent just a fraction of the
overall investment.
-----------------------------------
Seeya 'round town, Moscow, because . . .
"Moscow Cares" (the most fun you can have with your pants
on)
http://www.MoscowCares.com
Tom Hansen
Moscow, Idaho
"There's room at the top they are telling you
still.
But first you must learn how to smile as you
kill,
If you want to be like the folks on the
hill."
- John Lennon
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