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Mitt Romney Is Financially Invested In The Birth Control He Seeks To Restrict
By Igor Volsky on Feb 8, 2012 at 8:30 am
Mitt Romney has attacked the Obama administration’s regulation requiring employers and insurers to provide reproductive health care services — including contraception — by arguing that the rule is undermining the religious liberties of Catholics and imposing “a secular vision on Americans who believe that they should not have their religious freedom taken away.” As ThinkProgress has reported, Romney’s newfound sensitivities contradict his record as governor of Massachusetts — where he accepted a very similar contraception equity law — and his previous public commitments to increasing public funding for birth control. In 2005, Romney even asked the Massachusetts Department of Health to issue regulations requiring all hospitals to issue emergency contraception to rape victims, without providing an exception for Catholic hospitals.
Now, an examination of Romney’s financial investments reveals that the very same GOP frontrunner who is now petitioning the White House to extend the regulation’s conscience clause and exclude more women from the benefits of birth control is himself invested in and profiting from pharmaceutical companies that produce the frequently prescribed and extremely common medication:
Romney’s Goldman Sachs 2002 Exchange Place Fund, valued at over a million dollars in 2010, brought in nearly $600,000 in gains in 2010 and is invested in:
- Watson Pharmaceuticals: manufacturer of nine forms of emergency contraception (which Romney incorrectly identifies as “abortifacients“). - Johnson & Johnson: launched the first U.S. prescription birth control product in 1931 and produces various forms of birth control. - Merck: produces various forms of birth control - Mylan: produces birth control medication and filed the first application for a generic birth control pill last year. - Pfizer: a contraception producer that recently had to recall about a million packs of birth-control pills that weren’t packaged correctly.
Romney often disclaims any responsibility for or knowledge of his own investments by claiming that they are held in a private trust. But since filing his legally-required public financial disclosure reports and certifying that the information is “true, complete, and correct” to the best of his knowledge, the trust ceased to be a “blind trust” as he knew what was in it. Romney signed such disclosure forms last August and during his unsuccessful 2008 presidential bid in August 2007.
-------------------- Wise men learn more from fools than fools from the wise. Posts: 3827 | From: beautiful California | Registered: Sep 2008
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posted
Romney is invested in more things than he knows. You really think if you have 1 million dollars and you invest in a diverse fund, that you are going to know everything all those companies do? Good grief. You could make a massive list of "things" someone like Romney or Obama has invested in, find indirect links and claim them as direct.
"Pfizer: a contraception producer"
Ray, do you not know how many different products Pfizer makes? You make it look like Pfizer is a CONTRACEPTION PRODUCER...like its the main product. As if Romney went into an office and said...invest my money into contraception companies? No, you get a little bit of the health care stocks, the mining, the tech, etc.
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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posted
IT means a lot to Americans look at the primary results today,excuse me not Americans,I ment to say republicans.
-------------------- Wise men learn more from fools than fools from the wise. Posts: 3827 | From: beautiful California | Registered: Sep 2008
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Six Republican Senators — Including Snowe And Collins — Co-Sponsored Federal Contraception Mandate In 2001
By Igor Volsky on Feb 8, 2012 at 3:05 pm
Republicans have gone to war against President Obama’s regulation requiring employers and insurers to provide contraception coverage, portraying the measure as a “government takeover” of health care and pledging to repeal the rule in Congress. The measure, which is part of the Affordable Care Act, says that companies offering coverage must also provide birth control insurance (but exempts houses of worship and nonprofits primarily employing and serving those of the same faith).
The Obama measure closely resembles state laws providing equity in insurance coverage for contraception in six states and actually offers far more conscience protections than previous Congressional efforts to expand women’s access to birth control. For instance, a 2001 bill co-sponsored by Republicans Sens. Olympia Snowe (ME), Susan Collins (ME), Lincoln Chafee (RI), Gordon Smith (OR), John Warner (VA), Arlen Specter (PA) — S. 104 — sought to establish parity for contraceptive prescriptions within the context of coverage already guaranteed by insurance plans, but offered no opt-out clause for religious groups who opposed contraception:
SEC. 714. STANDARDS RELATING TO BENEFITS FOR CONTRACEPTIVES.
`(a) REQUIREMENTS FOR COVERAGE- A group health plan, and a health insurance issuer providing health insurance coverage in connection with a group health plan, may not–
`(1) exclude or restrict benefits for prescription contraceptive drugs or devices approved by the Food and Drug Administration, or generic equivalents approved as substitutable by the Food and Drug Administration, if such plan provides benefits for other outpatient prescription drugs or devices; or
`(2) exclude or restrict benefits for outpatient contraceptive services if such plan provides benefits.
“Women shouldn’t be held hostage by virtue of where they live,” Snowe told a Senate Health, Education, Labor and Pensions Committee hearing in September of 2001. “It simply is not fair.” “All we’re saying in this legislation is that if health insurance plans provide coverage for prescription drugs that that coverage has to extend to FDA-approved prescription contraceptives. It’s that simple.”
At the time, religious groups also raised concerns about the measure and Snowe promised to add a “conscience clause” that is similar to the exemption included in Maine’s law. Incidentally, that language is very similar to the conscience protections included in Obama’s regulation.
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-------------------- Wise men learn more from fools than fools from the wise. Posts: 3827 | From: beautiful California | Registered: Sep 2008
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posted
Well I got the answer, its called divergence.
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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posted
I like the idea of making birth control as easy to get as possible.
Maybe i am missing things when making that opinion.
But all these unwanted babies -kids that have to go through what they do when there is no money etc.
If we do not have either gov. funding for these birth control projects or private as in insurance companies, many people will have sex without birth control and the end result is many unwanted babies.
quote:Originally posted by IWISHIHAD: I like the idea of making birth control as easy to get as possible.
Maybe i am missing things when making that opinion.
But all these unwanted babies -kids that have to go through what they do when there is no money etc.
If we do not have either gov. funding for these birth control projects or private as in insurance companies, many people will have sex without birth control and the end result is many unwanted babies.
-
well...now you're just being logical
-------------------- jordan Posts: 5812 | From: st paul,mn | Registered: Feb 2004
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Democrats should be loving Mitt Romney. If someone is going to beat Obama they should want him. Pro choice voting record, anti gun voting record, Romneycare, etc
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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posted
Thats why Santorum is better. Son of a coal miner.
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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posted
santorum is just the latest buffoon to show a little something in the polls...u loved cain first..remember that idiot?? how bout Bachman..she was ur darling...Clint eastword should run...he's the only one who could give barrack a tough time..hed win!
-------------------- jordan Posts: 5812 | From: st paul,mn | Registered: Feb 2004
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really..ur parties candidates are a joke...stop sticking up for them...the only thing they do to try to get elected is bash obama. cant stand up on their own merits. " I will repeal Obamacare"!..as if thats the problem..u defending all these guys makes u look like a sheep being led around by ur nose.
-------------------- jordan Posts: 5812 | From: st paul,mn | Registered: Feb 2004
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quote:Originally posted by jordanreed: religious fanatic...never be the president...cant u rep come up with anyone???? u guys are faking morons!
well I am not thrilled about who we have out there. Obama turned out to be a real sweetheart didnt he.
Everyone says the same thing, they like the guy, would have a beer with him, play hoops, etc. When it comes to actually fixing the economy or anything else...its a whole different story. You, you being a uber lib, you must be foaming at the mouth for him to win re-election. I bet you think we should change the law so people can be elected to third term! With no (right now) possible issues about reelction if he wins again in 2012....its going to get so far left.
Here is what I think might happen. Obama wins 2012, but the Democrats lose in large numbers in the Senate and then there will be a much better balance.
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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jordan....don't give him ideas. Clint probably COULD win.
Thank god the man ain't interested.
Obama has been good to me and mine. He has faced a lot of obstruction and his biggest mistake was letting it sour him some. Things are getting done, good things. The American public wants fireworks and wonders but truly it is the one step at a time approach that is sustainable when working with a governmental structure.
Your prediction might well be right...but I notice you didn't mention the House at all. I would be worried about the House if I were a republican right now. There are a couple celebrities who are safe but there is a lot to lose there.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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quote:Originally posted by jordanreed: religious fanatic...never be the president...cant u rep come up with anyone???? u guys are faking morons!
well I am not thrilled about who we have out there. Obama turned out to be a real sweetheart didnt he.
Everyone says the same thing, they like the guy, would have a beer with him, play hoops, etc. When it comes to actually fixing the economy or anything else...its a whole different story. You, you being a uber lib, you must be foaming at the mouth for him to win re-election. I bet you think we should change the law so people can be elected to third term! With no (right now) possible issues about reelction if he wins again in 2012....its going to get so far left.
Here is what I think might happen. Obama wins 2012, but the Democrats lose in large numbers in the Senate and then there will be a much better balance.
So you want gridlock in Congress. Typical GOP. If your not in charge...screw America. It's a repeating pattern. Look it up before you cry cowpatty.
And yes...Obama is personable. Can you say the same for ANY of the GOP dregs running for prez? Would ya wanna play hoops with Newt? Mitt? Santorum? Do they even know what hoops is? GOP needs to get real and get involved in reality.
And as far as fixing the economy...do you still believe it was the Dems that screwed the economy? If so...you are beyond stupid. There is no help for you if you STILL believe that with all the facts in your face.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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