AT&T Inc. will book $1 billion in first-quarter costs related to the health care law signed this week by President Obama, the most of any US company so far.
A change in the tax treatment of Medicare subsidies triggered the noncash expense, and the company will consider changes to the benefits it offers current and retired workers, AT&T said yesterday in a regulatory filing.
Meanwhile, Democrats appear confused by what is in and isn't in the bill. They claimed that children with a pre existing condition will now be covered but it turns out that isn't the case.
As we move forward, the side that wins the debate will be the one that shows the most important tangible effects of the bill. The health care debate will evolve to the tangible effects of the bill.