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Originally Posted by rahl
I've read it twice. I still want to know what company WILL have a $100 million charge, and for what?
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I don't understand your point, can you expand upon it? CAT, $100 million, DE $150 million, T announced today a $1 billion charge.
Quote:
NEW YORK (Reuters) – AT&T Inc (T.N) said on Friday it would record a $1 billion non-cash charge for the current quarter related to the new healthcare reform law signed by President Barack Obama this week.
AT&T's charge appeared to be the largest in a series of charges announced by U.S. companies this week.
The operator, whose annual revenue is expected to be $124.1 billion this year, said the charge is the result of a provision in the law related to the tax treatment of Medicare subsidies.
As a result of the legislation, the company, which ended 2009 with 282,000 employees, said it will be evaluating prospective changes to the health care benefits it offers to employees at retirees.
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AT&T sees $1 billion healthcare related charge - Yahoo! News
---------- Post added at 08:25 PM ---------- Previous post was at 08:23 PM ----------
Quote:
Originally Posted by flstf
I don't think this is so radical. Those of us who purchase our insurance on the open market have never been able to deduct it from our taxes.
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Correct, we either should go to a single payer system, or a true "free" market system. Under the current system the playing field is not fair.