1st Qtr: AT&T to Book $1 Billion Cost on Health-Care Reform

[BoogyMan]

You think you have seen layoffs? You ain't seen nothin' yet.



Link (http://www.businessweek.com/news/2010-03-26/at-t-to-take-1-billion-charge-on-health-care-reform-update1-.html)

March 26 (Bloomberg) -- AT&T Inc. will book $1 billion in first-quarter costs related to the health-care law signed this week by President Barack Obama, the most of any U.S. company so far.

A change in the tax treatment of Medicare subsidies triggered the non-cash expense, and the company will consider changes to the benefits it offers current and retired workers, Dallas-based AT&T said today in a regulatory filing.

.: Read the rest of this article :. (http://www.businessweek.com/news/2010-03-26/at-t-to-take-1-billion-charge-on-health-care-reform-update1-.html)

Be sure to thank the Obama voters when given the opportunity.

[Kathianne]

You think you have seen layoffs? You ain't seen nothin' yet.



Be sure to thank the Obama voters when given the opportunity.

It's becoming obvious that some 'supporters' of the hcp are aghast at what is beginning to be reported. It's making them unhinged. It would be humorous if not obvious that the economy in a few months is going to make the past couple years look good.

Obama is like Hoover inverted and causing more problems than FDR did.

[BoogyMan]

The good folks over at HotAir have some more on this. If we let November get past us without a scathing electoral spanking for the witless humps on the left we deserve our fate.

http://hotair.com/archives/2010/03/26/ap-say-guess-what-we-just-found-in-obamacare/