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The Blog United Kingdom

news of the united kingdom will be available in this blog, whatever it is all just gossip magazine that was circulated.

"Caterpillar Inc. said the health-care overhaul legislation being considered by the U.S. House of Representatives would increase the company's health-care costs by more than $100 million in the first year alone."

"In a letter Thursday to House Speaker Nancy Pelosi (D-Calif.) and House Republican Leader John Boehner of Ohio, Caterpillar urged lawmakers to vote against the plan 'because of the substantial cost burdens it would place on our shareholders, employees and retirees.' Caterpillar, the world's largest construction machinery manufacturer by sales, said it's particularly opposed to provisions in the bill that would expand Medicare taxes and mandate insurance coverage. The legislation would require nearly all companies to provide health insurance for their employees or face large fines."

Oh, but after the health care bill is passed, Congress and the President are going to focus on jobs.
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Labels: insurance, Obama economics, Obama's Congress, ObamaCare
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