TV News LIES

Thursday, Sep 03rd

Last update06:17:57 AM GMT

You are here News Of Special Interest Hobby Lobby invests in contraception manufacturers

Hobby Lobby invests in contraception manufacturers

E-mail Print PDF

Hobby LobbyWhen Obamacare compelled businesses to include emergency contraception in employee health care plans, Hobby Lobby, a national chain of craft stores, fought the law all the way to the Supreme Court. The Affordable Care Act's contraception mandate, the company's owners argued, forced them to violate their religious beliefs.

But while it was suing the government, Hobby Lobby spent millions of dollars on an employee retirement plan that invested in the manufacturers of the same contraceptive products the firm's owners cite in their lawsuit.

Documents filed with the Department of Labor and dated December 2012—three months after the company's owners filed their lawsuit—show that the Hobby Lobby 401(k) employee retirement plan held more than $73 million in mutual funds with investments in companies that produce emergency contraceptive pills, intrauterine devices, and drugs commonly used in abortions. Hobby Lobby makes large matching contributions to this company-sponsored 401(k).

Several of the mutual funds in Hobby Lobby's retirement plan have holdings in companies that manufacture the specific drugs and devices that the Green family, which owns Hobby Lobby, is fighting to keep out of Hobby Lobby's health care policies: the emergency contraceptive pills Plan B and Ella, and copper and hormonal intrauterine devices.

These companies include Teva Pharmaceutical Industries, which makes Plan B and ParaGard, a copper IUD, and Actavis, which makes a generic version of Plan B and distributes Ella.

More...


Most Recent Related Stories...


Wes Craven, US horror filmmaker, dies aged 76

Wes CravenAmerican horror film director Wes Craven, creator of the Nightmare on Elm Street franchise, has died...

Neurologist and author Oliver Sacks dies, aged 82

Oliver Sacks, neurologist and author, diesDr. Oliver Sacks, the neurologist who studied the intricacies of the brain and wrote eloquently about...

Pope Francis Blesses a Lesbian, Her Family, and Her Writing For Kids

Pope Francis blesses lesbianOne of the most challenging jobs on the planet must surely be doing public relations for...

Ohio Cop Pulls Over Black Man Who 'Made Direct Eye Contact' With Him

John Felton pulled over for eye contact with copEarlier this month, a police officer in Dayton, Ohio, tailed a man by the name of...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!