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doxydad

(1,363 posts)
Wed Jun 18, 2014, 09:09 AM Jun 2014

Anti-abortion company Hobby Lobby invests in contraception makers

In its battle over contraception coverage, Hobby Lobby is coming out with egg on its face.

The craft store chain is fighting Obamacare's contraception mandate, taking its argument to the Supreme Court, which heard arguments last week and is expected to rule by June.

But Hobby Lobby's right hand apparently doesn't know what its left hand is doing, at least when it comes to the companies that make certain forms of birth control that it equates with abortion. While the company has waged a fight against the Affordable Care Act's coverage of birth control methods it opposes, its own 401k plan had more than $73 million invested in funds with stakes in companies producing intrauterine devices (IUDs) and emergency contraceptive pills, Mother Jones reports.

"This is the height of hypocrisy," Cecile Richards, president of Planned Parenthood Action Fund, said in a statement to The Associated Press.

"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."

It's no small share, either: the $73 million represents three-quarters of the retirement plan's total assets, Mother Jones notes.


http://www.cbsnews.com/news/antiabortion-company-hobby-lobby-invests-in-contraception-makers/
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Anti-abortion company Hobby Lobby invests in contraception makers (Original Post) doxydad Jun 2014 OP
Hypocrisy Lobby??? Arkansas Granny Jun 2014 #1
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