Hobby Lobby’s Religious Beliefs Not Quite So Sincerely Held
Hobby Lobby’s claim that they deserve to have a religious exemption carved out of the Affordable Care Act was always suspect in its sincerity as they never had any problem funding contraceptives voluntarily before Obamacare.
Now Mother Jones has discovered that they still have no problem funding contraceptives, as they continue to invest in employee 401k plans that include such things, even though plans exist that were especially created for such religious exemptions.
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).
Several of the mutual funds in Hobby Lobby’s retirement plan have holdings in companies that manufacture the specific drugs and devices that the Green family, which owns Hobby Lobby, is fighting to keep out of Hobby Lobby’s health care policies: the emergency contraceptive pills Plan B and Ella, and copper and hormonal intrauterine devices.
But their 401k doesn’t have anything to do with Obamacare, so it’s not important to them.
More: Mother Jones