Hobby Lobby Investments In Birth Control And Abortion Drugs Exposed

Hobby Lobby Investments In Birth Control And Abortion Drugs Exposed

Hobby Lobby’s multi-million dollar employee retirement fund is heavily invested in drug manufacturers, including those who make drugs used for abortions. – Image Credit: MikeKalasnik via Flickr.com

On April 1, 2014, Mother Jones published details about Hobby’s Lobby’s employee retirement fund, which holds more than $73 million mutual funds. The company sponsored 401K ┬áincludes investments in a large number of companies that manufacture birth control products and abortion drugs.

Wait, what about Hobby Lobby’s deeply held religious views?

In spite of their claims that being asked to contribute to a health insurance plan that covers emergency contraceptives violates ‘deeply held religious beliefs’, Mother Jones reveals that Hobby Lobby’s 401K plan includes investments in the very industries the owners say they oppose.

The list of companies that Hobby Lobby and their employees help to fund includes the makers of Plan B, Tevo Pharmaceutical Industry, which makes the brand name Plan B drug, and Actavus, which makes a generic version. Actavus also distributes Ella, a second form of birth control that Hobby Lobby claims to be religiously opposed to.

The plan also invests in companies that manufacture abortion drugs.

The company also has investments in Pfizer, AstroZeneca and Forest Laboratories, all companies that make drugs commonly used in abortions, including Cytotec, Prostin E2 and Cervidil, three drugs primarily used to induce abortions.

Hobby Lobby’s 401K investment program, which offers an employer matching contribution, also invests in Aetna and Humana. These two health insurance companies cover abortion, abortion drugs as well as Plan B and Ella.

Why Hobby Lobby’s Case Should Not Pass The Test.

Prior to filing suit in federal court, Hobby Lobby’s private insurance company provided coverage for both Plan B and Ella. A fact the company openly admits in documents filed with the courts.

Another area that should be considered in this case is the company’s business dealings with China. China has a socialized healthcare system. That system is entirely funded by tax dollars, which are paid to the government of China. The Chinese healthcare system covers birth control and provides state funded abortions. Taxes on the sale of imports and exports make up a large percentage of the funding for China’s socialized healthcare system.

Hobby Lobby had every opportunity to avoid doing business with China. If contributing to a healthcare system that provides state funded abortions or birth control was a true, deeply held religious belief, the company could easily have chosen to buy and sell goods made in the US. They also could have chosen to do business in any part of the world where these services aren’t funded by tax dollars. They did not.

The Sherbert test requires plaintiffs in religious liberty cases to show that their beliefs are sincere. They also have to show that a law presents a serious burden upon their religion liberty. Hobby Lobby’s behavior does not stand up to scrutiny.

The company’s retirement fund is invested heavily in the companies that make the very drugs they claim to oppose. Prior to the ACA, their health insurance provider covered the drugs they say they’re opposed to now. Finally, the company has strong business ties to China, and has paid a great deal of tax money to that country, with no religious issues standing in their way.

If your beliefs vary from country to country, it seems more than likely that your beliefs are not very deeply held. If your beliefs don’t apply to your company investments, it seems more than likely your beliefs are not very deeply held. If your beliefs arise suddenly, and if what you say you believe stands in stark contrast to your past actions, it seems more than likely your beliefs are not very deeply held.