In early January, Hobby Lobby threatened all the latte-induced, crafting ladies by threatening to close its doors due to religious beliefs interfering with having to include emergency contraceptives on the new Obamacare health insurance policy. Most likely to ensure that the craft-binging customers kept breeding to keep business plentiful, they sued the Obama administration on religious infringement and took their case to the Supreme Court.
But yesterday, Mother Jones reported that the company’s retirement plan holds roughly $73 million in mutual funds that it is investing in pharmaceutical companies, which produce contraceptive pills, intrauterine devices, and abortion-inducing medication. If this isn’t enough shaft to get these overzealous right-wingers hot and bothered, the report also shows that the company’s mutual funds are also invested in two health insurance companies, which cover surgical abortions, abortion drugs, and emergency contraception in their care policies. Contraception like Plan B and Cytotec that have gotten a bad reputation in the religious community were actually funded by your favorite place to buy a lifetime supply of glitter. Sounds like two birds with one stone for the sexually active female community.
While the company continues to fight for its religious freedom within the Affordable Care Act–which requires almost all employers to cover contraception in their health plans–it’s still a large oversight for this company to be invested in nine mutual funds with such strong beliefs. New flash HL: being on the pill doesn’t cause abortions, but being on “16 and Pregnant” will take away a big chunk of crafting allowance.
[via Huffington Post]
Image via Mother Jones