Shortly after President Obama signed the health overhaul law, several major corporations reported it would take a bite out of their future earnings. This group included AT&T, Caterpillar, John Deere, Verizon and several other large employers.
Convinced these businesses were cooking their books to cast the new law in a bad light, House Energy and Commerce Committee Chairman Henry Waxman (D-Calif.) promptly subpoenaed documents and demanded executives testify to defend their announcements. But after combing through 1,100 pages of corporate documents and e-mails, Waxman’s staff canceled the hearing – and announced that “the companies acted properly and in accordance with accounting standards.”
In other words, even though some lawmakers don’t want to believe it, Obamacare is already proving costly to American businesses. And ironically, the new law could cause many workers to lose the health benefits they get through their jobs.
Read more: http://www.nydailynews.com/opinions/2010/06/17/2010-06-17_a_bad_omen_on_obamacare_fears_about_health_reforms_costs_are_coming_true.html#ixzz0rZrINmkx
Patrick Murphy, D-PA08 voted FOR this massive centrally-planned, Soviet-style healthcare blueprint.
When will the Bucks County Media start to hold Murphy and his inside-the-beltway cronies Specter & Casey accountable for this growing mess – the healthcare equivalent of the oil spill in the Gulf of Mexico??