Caterpillar, IL largest manufacturer employer, announced this bill will cost it $100 million. This will equate to heads rolling, or glup, another large US manufacturer going overseas!
I can't believe Caterpillar is the only one being hit by this. Many other like Corporation will also be hit hard.
The last thing we needed is a hit to the private sector, yet that is what we just got!
I can't believe Caterpillar is the only one being hit by this. Many other like Corporation will also be hit hard.
The last thing we needed is a hit to the private sector, yet that is what we just got!
2nd UPDATE Caterpillar: Health Bill Would Cost Company $100M - WSJ.com
CHICAGO (Dow Jones)--Caterpillar Inc. (CAT) said the proposed overhaul of the U.S. health-care system could increase its costs by $100 million, signaling disquiet in corporate America about the controversial plan.
The heavy-equipment maker's concerns are focused on the potential loss of subsidies to prescription drug costs it covers for retired employees.
In a letter Thursday to House Speaker Nancy Pelosi (D., Calif.) and House Republican Leader John Boehner (R., Ohio), Caterpillar urged lawmakers to vote against the plan "because of the substantial cost burdens it would place on ...