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You are here: Home / Financial / The Two Faces of Hobby Lobby

The Two Faces of Hobby Lobby

April 3, 2014 by The Staff Leave a Comment

Two Faces of Hobby Lobby

The Two Faces of Hobby Lobby

READ THE ENTIRE ARTICLE AT MOTHER JONES

Is it hypocritical to to fight against the ACA because they require comprehensive contraceptive coverage and then at the same time invest heavily into compaies that manufacture and distribute specific drugs and devices that help women manage contraception?

That’s exactly what Hobby Lobby is apparently doing according to an article in Mother Jones.  Hobby Lobby’s retirment plan seems to invest in contraception manaufacturers (just a few listed below under references).

I guess when there is money to be made, it’s okay to violate their own “religious traditions”, but when it comes to providing decent health care to their employees its against their basic religious rights.

Hobby Lobby’s motivation seems to be grounded in their love of money rather than in any moral code.

According to the article at Mother Jones written by Molly Redden, “A website Hobby Lobby set up to answer questions about the Supreme Court case states that its 401(k) plan comes with “a generous company match.” In 2012, Hobby Lobby contributed $3.8 million to its employee savings plans, which had 13,400 employee participants at the beginning of that year.”

References:

  • Mother Jones
  • Teva Pharmaceutical Industries – Plan B and ParaGard
  • Actavis
  • Pfizer – Cytotec and Prostin E2

Filed Under: Financial

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