S.E.C. Backs Health Care Balloting

This article is about how the S.E.C., or the Securities and Exchange Commission have decided that shareholders in large companies must vote about providing universal health care for the employees. Many shareholders are hesitant about agreeing to require universal health care because they do not see how it would benefit their business. The S.E.C. has banned companies form keeping the proposal off of the 2008 proxy. The companies and share holders have many various views about the issue. Some of the companies have already implemented the basic ideals that are used to provide universal health care. Others, like Wal-Mart are negotiating with the shareholders to come up with a compromise, still others do not want to implement a universal health care system because it might hurt the company. The leaders of this commission are religious leaders or from labor unions and have implemented similar plans to what they are proposing. They hope that these companies will do the same.
I think that this is a good idea, because it emphasises the importance of this issue. I thought that it was interesting how the advocates for this proxy were religious leaders because I had never thought of them as people who play a large role in the health care issue. I also thought that it was interesting how Reynold's American, a cigarette company was hesitant about the plan because it might mean an increase on the cigarette tax. I think that it is really good that so many people are taking a stand about American health care.

Pear, Robert. "S.E.C. Backs Health Care Balloting." nytimes.com. May 27, 2008. <http://www.nytimes.com/2008/05/27/business/27health.html>