This is an opinion item.
| Author(s)
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The Wall Street Journal editorial board
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| Source
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The Wall Street Journal
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| Date
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March 27, 2010
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| URL
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http://online.wsj.com/article/SB10001424052748704100604575146002445136066.html
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| Quote
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"On top of AT&T's $1 billion, the writedown wave so far includes Deere & Co., $150 million; Caterpillar, $100 million; AK Steel, $31 million; 3M, $90 million; and Valero Energy, up to $20 million. Verizon has also warned its employees about its new higher health-care costs, and there will be many more in the coming days and weeks. As Joe Biden might put it, this is a big, er, deal for shareholders and the economy. The consulting firm Towers Watson estimates that the total hit this year will reach nearly $14 billion, unless corporations cut retiree drug benefits when their labor contracts let them."
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Add or change this opinion item's references
This item argues for the position Act should not have been passed on the topic Patient Protection and Affordable Care Act.
