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Money and Drugs – What Health Care Charges, Like AT&T’s $1 Billion, Mean to Investors

By John S. Tobey

Following the passage of the new health care plan, many companies are announcing earnings charges. The end points appear ominous: New health plan –> Higher company expenses. Actually, the charges are one-time adjustments of a balance sheet asset that contains an unusual income tax benefit previously booked as earnings. Here is how that benefit... »

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October 2017
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