Hobby Lobby invests in abortion pills

[bradly1101]

http://www.washingtonpost.com/news/...retirement-funds-in-abortion-drugs/?tid=hp_mm

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.

 

[Oldgamer]

Not surprising at all, in fact I think this whole case is really about disrupting and dismantling ACA and one big smoke screen for what the real intentions are.

 

[bradly1101]

Not surprising at all, in fact I think this whole case is really about disrupting and dismantling ACA and one big smoke screen for what the real intentions are.

Agreed. And well said.

 

[ch33zw1z]

 

[nehalem256]

401k plan invests in contraception; Obamacare litigant secretly profiting from the very immorality it publicly opposes

I am thinking that someone doesn't understand how 401K plans work.

 

[Paratus]

I am thinking that someone doesn't understand how 401K plans work.

I'm thinking someone doesn't understand what violating deeply held religious beliefs means not hypocrisy.

 

[norseamd]

so no conservatives trolls brave this topic yet?

 

[Oldgamer]

so no conservatives trolls brave this topic yet?

Ohhh..I am pretty sure one or two of the delusional ones might...lol

 

[pcgeek11]

The Title of this thread is TOTAL Bull SHIT!

There is a Huge Difference in the employees investing their money into a 401K plan and the company matching a percentage and the government forcing them to pay for abortions etc.

The article from the Mother Jone rag makes it sound like the company is invested in these 401K Plans but it is a misrepresentation of the facts. Their employees are investing their own money and are reaping the benefits not the company.

I have yet to see a 401K plan that did not have some Pharma Companies in the blend.

Their employees also have a right to purchase their birth control with their own money also... I do not see the issue.

 

[theeedude]

And employees of Jehovah Witness employer can purchase emergency care and blood transfusions with their own money also... I do not see the issue.
BTW, health insurance is employee's compensation, not employer's money. That's why it's tax deductible.

 

[compuwiz1]

Nice try OP! Typical attempt at disingenuous liberal spin.

This thread is done. pcgeek just told you what you need to know.

 

[Fayd]

I'm thinking someone doesn't understand what violating deeply held religious beliefs means not hypocrisy.

much like california teachers association investing in high capacity magazine makers?

 

[justoh]

You guys make employers pay for health insurance and then complain about the predictable/ordinary consequences....

 

[ivwshane]

The Title of this thread is TOTAL Bull SHIT!

There is a Huge Difference in the employees investing their money into a 401K plan and the company matching a percentage and the government forcing them to pay for abortions etc.

The article from the Mother Jone rag makes it sound like the company is invested in these 401K Plans but it is a misrepresentation of the facts. Their employees are investing their own money and are reaping the benefits not the company.

I have yet to see a 401K plan that did not have some Pharma Companies in the blend.

Their employees also have a right to purchase their birth control with their own money also... I do not see the issue.

You guys make employers pay for health insurance and then complain about the predictable/ordinary consequences....

Oops! It looks like some people don't understand how the ACA works! FYI, companies aren't forced to provide benifits...I mean 401ks...I mean health care. However if they decide not to provide health care for their employees they must pay a tax. Of course if HL wishes to provide health care to their employees, they may choose from ACA compliant plans. And like 401ks and other employment benefits, once the money is given to their employees, the employees can spend it however the fuck they want

 

[justoh]

Oops! It looks like some people don't understand how the ACA works! FYI, companies aren't forced to provide benifits...I mean 401ks...I mean health care. However if they decide not to provide health care for their employees they must pay a tax. Of course if HL wishes to provide health care to their employees, they may choose from ACA compliant plans. And like 401ks and other employment benefits, once the money is given to their employees, the employees can spend it however the fuck they want

You sure that's what it looks like to you? Weird. It looks to me more like the employer paying for health insurance point was distinct.

 

[Bitek]

Oops! It looks like some people don't understand how the ACA works! FYI, companies aren't forced to provide benifits...I mean 401ks...I mean health care. However if they decide not to provide health care for their employees they must pay a tax. Of course if HL wishes to provide health care to their employees, they may choose from ACA compliant plans. And like 401ks and other employment benefits, once the money is given to their employees, the employees can spend it however the fuck they want

And if HL really cared that much, they could have selected funds into their 401k fund portfolio options that excluded investment in such companies.

And they could always have custom funds created and managed according to thier directives if they really can't find one.

Edit: here's one: http://www.timothyplan.com

Of course that might cost them some money...which I would bet is the more deeply held belief.

 

[nehalem256]

Not surprising at all, in fact I think this whole case is really about disrupting and dismantling ACA and one big smoke screen for what the real intentions are.

You mean like claiming the birth control mandate is about health care is really a smokescreen for it being about liberal social engineering?:

Contraception is essential to women’s empowerment.

In addition to the personal benefit to women’s lives, the social and economic benefits of greater access to contraception can’t be overstated.

Contraception has long been financially out of reach for too many women. The Affordable Care Act is far from perfect, but it does represent the best chance millions of women will have at accessing necessary healthcare that will improve their lives.

As I have previously reported, a recent review of more than 66 studies conducted over three decades reveals that a woman’s ability to control her fertility impacts much more than just if and when she will have a child; contraception plays a significant role in shaping women’s financial, professional and emotional lives, too.

According to Adam Sonfield, the lead author of the review from the Guttmacher Institute, “The scientific evidence strongly confirms what has long been obvious to women. Contraceptive use, and the ensuing ability to decide whether and when to have children, is linked to a host of benefits for themselves, the quality of their relationships, and the well-being of their children.”

Major findings from the review reveal clear connections between access to contraception and college education and other degrees, career advancement, economic stability, healthier romantic relationships, mental health, general happiness, and children’s health and well-being.

http://www.salon.com/2014/01/06/5_reasons_the_contraception_mandate_matters_for_everyone/

 

[nehalem256]

And if HL really cared that much, they could have selected funds into their 401k fund portfolio options that excluded investment in such companies.

And they could always have custom funds created and managed according to thier directives if they really can't find one.

Edit: here's one: http://www.timothyplan.com

Of course that might cost them some money...which I would bet is the more deeply held belief.

Quick, give me a list of all companies held by mutual funds in your 401k...

 

[ivwshane]

You sure that's what it looks like to you? Weird. It looks to me more like the employer paying for health insurance point was distinct.

Nope, employer provided health care is part of the employee's compensation, it's why companies love to show how well they pay you by including your benefits in your total pay.

 

[Bitek]

You mean like claiming the birth control mandate is about health care is really a smokescreen for it being about liberal social engineering?:


http://www.salon.com/2014/01/06/5_reasons_the_contraception_mandate_matters_for_everyone/

“The scientific evidence strongly confirms what has long been obvious to women. Contraceptive use, and the ensuing ability to decide whether and when to have children, is linked to a host of benefits for themselves, the quality of their relationships, and the well-being of their children

Your quote. :whiste:

 

[Bitek]

Quick, give me a list of all companies held by mutual funds in your 401k...

They are hand selected by my employer according to thier governance policies. You are best off asking them.

I can only choose from the funds they've made available.

You do know funds do have to publish thier top 10 holdings at the close of every Q? I have a good idea of the mixes because I bother to look.

 

[justoh]

Nope, employer provided health care is part of the employee's compensation, it's why companies love to show how well they pay you by including your benefits in your total pay.

Why nope. That was my point. Employer provided health care is part of the compensation, for some reason... leading to predictable/controversial results

 

[Paratus]

Quick, give me a list of all companies held by mutual funds in your 401k...

Oh I'm sorry. Did you expect that a company that is contributing millions of dollars to mutual funds not to mention has a " deeply held religious belief" in the wrongness of abortion and PICKED THE PLANS doesn't know what's in them?

404 Deeply Held Religious Conviction Not Found.

 

[nehalem256]

Oh I'm sorry. Did you expect that a company that is contributing millions of dollars to mutual funds not to mention has a " deeply held religious belief" in the wrongness of abortion and PICKED THE PLANS doesn't know what's in them?

404 Deeply Held Religious Conviction Not Found.

Well apparently I believe they didn't know what forms of birth control were being covered in their insurance until Obama pointed it out to them...

So again, please list every company you hold in your 401k along with EVERY PRODUCT that company makes.

Besides which. Claiming that not investing in Pharmaceutical companies would prevent abortion only makes sense if you buy into supply side economics

 

[Pens1566]

Well apparently I believe they didn't know what forms of birth control were being covered in their insurance until Obama pointed it out to them...

So again, please list every company you hold in your 401k along with EVERY PRODUCT that company makes.

Besides which. Claiming that not investing in Pharmaceutical companies would prevent abortion only makes sense if you buy into supply side economics

Well now that HL does indeed know what their benefits are being used on (health and 401k) the only morally consistent thing to do is discontinue providing both to their employees since they might be used on something that offends their religious beliefs. Oh, and if they provide daycare reimbursement, they should cancel that as well since some people might use it on daycare facilities that don't teach their religion.