Caterpillar: Health care bill would cost it $100M - Chicago Breaking Business
Published on March 19, 2010 7:10 AM | Submit a comment
A worker at Caterpillar's plant in Mossville, Ill. (José Moré/Chicago Tribune)
Dow Jones Newswires | Caterpillar Inc. said the health-care overhaul legislation being considered by the U.S. House of Representatives would increase the company's health-care costs by more than $100 million in the first year alone.
In a letter Thursday to House Speaker Nancy Pelosi (D-Calif.) and House Republican Leader John Boehner of Ohio, Caterpillar urged lawmakers to vote against the plan "because of the substantial cost burdens it would place on our shareholders, employees and retirees."
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