Monday, March 29, 2010

Obamacare hits companies for millions

Several well known companies have reported that Obamacare will cost them several million dollars annually.









CompanyCost
AT&T$1,000 million or $1 billion
AK Steel$31 million
Caterpillar$100 million
John Deere$150 million
Prudential Financial Inc.$100 million
Valero Energy$15 million
3M$85 million

Since the above companies are public, they are required to disclose the above to shareholders. Now some Democrats are threatening these companies for reporting these additional costs. Something about this doesn't pass the smell test . . .

Update 3/31/2010 at 5:33 PM
Added Prudential and Steamboat Ski and Resort