ObamaCosts…Still adding it all up
If President Obama’s health care dictate has you feeling a little queasy, you’re not alone.
As the costs of ObamaCare to companies continue to mount, there is just no other way to do this other than to keep updating this post.
So far, (barely a week in) here is the running tally of ObamaCosts:
- Caterpillar: $100 Million
- John Deere: $150 Million
- AT&T: $1 Billion
- 3M: $85 to $90 Million
- Valero Energy: $15 to $20 Million
- AK Steel: $31 Million
- Verizon: $500 Million
- Prudential: $100 Million
- Illinois Tool Works $22 Million
- Honeywell: $13 Million
- Allegheny Technologies: $5 Million
- Goodrich: $10 Million
- Verizon: $970 Million
- Boeing: $150 Million
- Lockheed Martin Corp: $96 Million
- Exelon Corp: $65 Million
- Eaton Corp: $25 Million
RUNNING TOTAL: $3,327,000,000
Officials at Fort Smith-based Baldor Electric Co. also have not determined the financial impact of the new bill, although they anticipate it will add costs for the company.
“We do know, however, that the legislation which passed last week will have a negative effect on our overall health care costs. Health care costs for our company and our employees will increase next year as a result of the new provisions required by the law,” said Tracy Long, Baldor’s vice president-investor relations.