Report claims Hobby Lobby invests millions in companies associated with lawsuit
OKLAHOMA CITY – A new claim by a national website is criticizing an Oklahoma company, who is suing the government for its religious freedom.
After the Affordable Care Act was adopted into law, the owners of Hobby Lobby filed a lawsuit against the government, saying the bill’s contraception mandate was against their religious beliefs.
According to a new article published by Mother Jones, the company actually spent millions by investing in the manufacturers of the same products the firm’s owners cite in their lawsuit.
The site claims documents filed with the Department of labor show Hobby Lobby’s 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.
A few of the companies include Teva Pharmaceutical Industries, which makes Plan B, and ParaGard, which designs a copper IUD.
The Green family says it objects to covering Plan B and IUDs because they believe the products can prevent a fertilized egg from implanting in a woman’s uterus, which is what they consider abortion.