News Headlines Article

Ralphs parent Kroger says health reform will cause tax expense to grow
Los Angeles Times

Kroger Co., the parent company of Ralphs, said it will no longer be able to take a certain tax deduction as a result of the Patient Protection and Affordable Care Act, impacting its 2010 tax expense. In a filing with the Securities and Exchange Commission, the company said it won’t be able to deduct expenses it incurs to provide prescription drug coverage to retired employees, which are reimbursed under the Medicare Part D retiree drug subsidy program.