Enter Your Email Address to Receive a
Copy of MedicExhange Member Demograhpics

Farm equipment maker Deere & Co expects after-tax expenses to rise by $150 million this year as a result of the healthcare reform law signed by President Barack Obama.

Caterpillar Inc said it would take a $100 million after-tax charge to earnings in the first quarter because the new healthcare reform law will lower its tax deductions.

Obama signed the most sweeping U.S. social policy legislation in decades into law, putting his name on a healthcare bill that will help shape his legacy. Designed to revamp the $2.5 trillion U.S. healthcare industry, the law will extend health insurance to 32 million Americans who currently have none.

The law could raise expenses for large U.S. employers. Industrial companies, which typically have large numbers of retirees, may be among those facing the biggest bill. Caterpillar had argued before the legislation passed that healthcare reform would put it at a disadvantage against global competitors. 

Source : Reuters

You can get more details about Healthcare Reform & its related topics from our Healthcare Reform User Group.