Hobby Lobby Supreme Court Contraception Case: Hobby Lobby Invests in Manufacturers of 'Abortive' Contraception, Birth Control
Hobby Lobby, a craft store chain, won a groundbreaking and controversial case in the U.S. Supreme Court earlier this week regarding contraception coverage to its employees.
Under the Affordable Care Act, businesses must pay for birth control for its employees. Hobby Lobby, however, fought the mandate to the nation's highest court, refusing to comply because it views such contraception as Plan B and Ella as abortive, which goes against the company's religious values, according to CNN Money.
Hobby Lobby co-founders David and Barbara Green issued a video statement on YouTube after Monday's ruling in which the two thanked their employees, customers and supporters for standing by them during the long trial.
"It's been a long journey but an important one for our family and for those who wish to be guided in all areas of life, including their businesses by faith and conscience," Barbara said.
Throughout the landmark case, the company's founders argued that all abortions and certain contraceptives goes against its belief in "Biblical principles." However, according to a Mother Jones report back in April, the company has invested millions of dollars to companies that produce birth control methods, including Plan B, through its 401(k) plan it offers to employees.
According to documents filed with the Department of Labor dated for December 2012 -- three months after company filed its lawsuit -- Hobby Lobby's 401(k) employee retirement plan, which matches the employee's investment, had $73 million in investments for companies that manufacture emergency contraceptive pills, intrauterine devices and drugs used to induce abortions.
CNN reported that Hobby Lobby employees had the option of putting their retirement money into more than a dozen mutual funds, but at least eight of those funds were invested in companies such as Teva Pharmaceutical -- the maker of Plan B -- Bayer and Pfizer.
According to the Department of Labor filings in 2012, Hobby Lobby used American Funds, T. Rowe Price and Vanguard to manage the company's money.
The Greens also pointed out in the Supreme Court case that Hobby Lobby has avoided other practices they feel are objectionable to their beliefs. For instance, the Greens made note of the denial of requests from beer distributors to back-haul beer on the company's trucks as well its practice of not selling shot glasses, Mother Jones reported.
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