Hobby Lobby hypocrisy – invested in contraceptives they would deny to employee health plan

When Obamacare compelled businesses to include emergency contraception in employee health care plans, Hobby Lobby, a national chain of craft stores, fought the law all the way to the Supreme Court. The Affordable Care Act’s contraception mandate, the company’s owners argued, forced them to violate their religious beliefs. But while it was suing the government, Hobby Lobby spent millions of dollars on an employee retirement plan that invested in the manufacturers of the same contraceptive products the firm’s owners cite in their lawsuit.

Documents filed with the Department of Labor and dated December 2012—three months after the company’s owners filed their lawsuit—show that the Hobby Lobby 401(k) employee retirement plan held more than $73 million in mutual funds with investments in companies that produce emergency contraceptive pills, intrauterine devices, and drugs commonly used in abortions. Hobby Lobby makes large matching contributions to this company-sponsored 401(k)…

These companies include Teva Pharmaceutical Industries, which makes Plan B and ParaGard, a copper IUD, and Actavis, which makes a generic version of Plan B and distributes Ella. Other holdings in the mutual funds selected by Hobby Lobby include Pfizer, the maker of Cytotec and Prostin E2, which are used to induce abortions; Bayer, which manufactures the hormonal IUDs Skyla and Mirena; AstraZeneca, which has an Indian subsidiary that manufactures Prostodin, Cerviprime, and Partocin, three drugs commonly used in abortions; and Forest Laboratories, which makes Cervidil, a drug used to induce abortions. Several funds in the Hobby Lobby retirement plan also invested in Aetna and Humana, two health insurance companies that cover surgical abortions, abortion drugs, and emergency contraception in many of the health care policies they sell.

Nice to see primary source acknowledgement of one of my favorite dichos criticizing right-wing scumbags. “Republicans would have invented hypocrisy if Christians hadn’t beat them to it.”

4 thoughts on “Hobby Lobby hypocrisy – invested in contraceptives they would deny to employee health plan

  1. Footnote says:

    Nearly 4,000 ill-gotten artifacts will be returned to Iraq on Wednesday, the U.S. Immigration and Customs Enforcement says. The ancient objects were bought by Hobby Lobby, a national chain of arts and crafts stores, then smuggled into the United States in violation of federal law.
    The Oklahoma-based chain of retail stores bought more than 5,500 objects from dealers in the United Arab Emirates and Israel in 2010, said the Department of Justice in a July 2017 document. The purchase was made months after the company was advised by an expert to use caution. https://www.npr.org/sections/thetwo-way/2018/05/01/607582135/hobby-lobbys-smuggled-artifacts-will-be-returned-to-iraq Hobby Lobby did not immediately respond to NPR’s request for comment and it is unclear whether the company knew the antiquities were smuggled. But in July 2017 after the Justice Department filed a complaint, Hobby Lobby agreed to pay a $3 million fine and surrender the artifacts.
    A museum tied to Hobby Lobby opened in Washington, D.C., last November. The Museum of the Bible, which spans 430,000 square-foot in what was once a refrigerated warehouse, received $201 million in artifacts from Hobby Lobby, and rents storage space in Oklahoma from the company.

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