Home > News > And Another Huge Employer Enjoys The Money Saving Benefits Of ObamaCare… Boeing Takes A $150 Million Hit.

And Another Huge Employer Enjoys The Money Saving Benefits Of ObamaCare… Boeing Takes A $150 Million Hit.

Obama_Death_PanelThe Jobs Grim Reaper strikes again.

CHICAGO (AP) — Boeing Co. will take a charge of $150 million due to the recent health care overhaul legislation, the aircraft maker said Wednesday.

The charge will hurt earnings by 20 cents per share in the first quarter of 2010.

In 2013 Boeing will no longer be able to claim an income tax deduction related to certain prescription drug benefits for retirees. Accounting rules require that the company take the charge during the period the legislation is enacted.

Several other companies have said they will take accounting charges due to the health care reform bill including AT&T, AK Steel Corp., Caterpillar Inc. and 3M Co.

Boeing to Take Charge on Health Care Reform – NYTimes.com

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