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Monday, June 30, 2014

Hobby Lobby invests in contraceptive makers

Posted By on Mon, Jun 30, 2014 at 1:51 PM

Thanks to Mother Jones for this Hypocrisy Watch tidbit:

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.

Hobby Lobby invests in mutual funds that have holdings in companies that make Plan B and Ella and the types of intrauterine devices Hobby Lobby views (though not all scientists) as "abortifacients."

And there's more:

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.

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