Hobby Lobby invests in contraceptive, abortion drug manufacturers

Hobby Lobby invests in contraceptive, abortion drug manufacturers: "h"



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It's peculiar how a group of individuals who are so devoted to their religious beliefs that they demand the very laws of the nation be rewritten to accommodate them can be so lax about those same religious beliefs if ignoring them will net them a little dough.

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.

So the company demands it not have to pay for any employee insurance that might purchase such things, but investing in their manufacture? Not a problem.