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| Economy |
| AT&T sees $1 billion healthcare related charge |
| 2010-03-26 |
| 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. Is this one of those "unexpected" developments we hear so much about these days? Right next to the 'unexpected' increases in the unemployment rate and the 'surprising' drop in median home prices. |
| Posted by:Matt |
| #4 Geez, this is really serious! Who could have possibly seen this coming? /do I really need to? |
| Posted by: Barbara Skolaut 2010-03-26 22:48 |
| #3 Can't be true. Obama promised that if we liked our health care plans we could keep them! He wouldn't have lied to us, would he? And BTW, JohnQC, the redistribution of wealth thing is exactly what the NY Slimes and Senator Baucus of Montana said was the goal of this $hit $andwich all along today..... |
| Posted by: Cornsilk Blondie 2010-03-26 19:18 |
| #2 A concerted effort to destroy the American economy and re-distribute the wealth and make us a $hit hole dictatorship like Chavez's paradise. |
| Posted by: JohnQC 2010-03-26 18:50 |
| #1 According to reports, Verizon Communications (VZ.N), the second biggest U.S. phone company, told employees that tax burdens under the new law would likely filter down to employees. Ya don't say? |
| Posted by: Besoeker 2010-03-26 17:41 |