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The Empire Strikes Back

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Posted on March 28 2010 10:07 am
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by John Hinderaker

We wrote here about the consequences of Obamacare that are beginning to be felt, even before its provisions are implemented: Caterpillar said Obamacare will cost it an additional $100 million in the first year; Medtronic warned that the new tax on its products “could force it to lay off a thousand workers;” Verizon told its employees that it “will likely have to cut healthcare benefits to offset the new costs;” and AT&T announced that it will record a $1 billion non-cash expense in the first quarter and “will be evaluating prospective changes to the active and retiree health care benefits offered by the company.”

These announcements are the tip of the iceberg; hundreds like them will follow as Obamacare becomes a reality. Congressional Democrats, evidently stung by the bad publicity, are trying to strike back. A reader writes:

Read the full article.

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