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The Cost of Democare

The AP writes today, β€œThe health care overhaul will cost U.S. companies billions and make them more likely to drop prescription drug coverage for retirees because of a change in how the government subsidizes those benefits. In the first two days after the law was signed, three major companies β€” Deere & Co., Caterpillar Inc. and Valero Energy β€” said they expect to take a total hit of $265 million to account for smaller tax deductions in the future.”


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