The Epic American Health Care Company Crash Index Message Board

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Biotech / Medical : The Epic American Health Care Company Crash Index

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To: TH who wrote (7)	3/31/2010 5:23:15 PM
From: Don Hurst	Read Replies (1) of 12

>>" – AT&T Inc. will take a $1 billion non-cash accounting charge in the first quarter because of the health care overhaul and may cut benefits it offers to current and retired workers. The charge is the largest disclosed so far. Earlier this week, AK Steel Corp., Caterpillar Inc., Deere & Co. and Valero Energy announced similar accounting charges, saying the health care law that President Barack Obama signed Tuesday will raise their expenses. On Friday, 3M Co. said it will also take a charge of $85 million to $90 million. "<< I find this kind of stuff quite interesting now that the Health Care Reform bill is law. Do you happen to have any information or public details of what these companies were lobbying for during the nearly 1 and 1/2 years that this bill was being debated. What did they want in health care reform that they did not get? Were they telling their Repub reps to just say no and cheering on the insurance industry to keep up the good work that "increased" their competitiveness and profits as Health Care did for the Big Three. Were they screaming for medical tort reform or cross state line insurance purchase because it made them so much more profitable and competitive? Did they want to keep pre-existing conditions a barrier to health insurance for kids and others because it benefited their business? Did they think it made their businesses better by having 40 million Americans uninsured? Did they think Medicare Advantage plans increased their profits? Are they upset that they did not get a universal care single payer system which would have greatly reduced their costs and taken them out of the health care business. Just what were they telling their highly paid lobbyists that they wanted in Health Care Reform which apparently based on all of their efforts over the last several decades was something they did little, it seemed, other than complain about paying for their employees?

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