As if today’s announcement from the Obama administration regarding
the minor changes to the Affordable Care Act was not depressing enough, a
global medical company called Smith and Nephew has now said that they
are going to layoff nearly 100 workers in their Tennessee and
Massachusetts offices. The company cites ObamaCare as their reason why.
"Unfortunately, and in order to absorb this cost burden into our business, this has meant less than 100 positions have been made redundant across various departmental functions in our Tennessee and Massachusetts sites," they said in a statement released earlier this week.
The specific cost that the statement referred to was the Affordable Care Act’s 2.3% tax on medical devices. This tax took effect on January 1, 2013.
Read more: http://townhall.com/tipsheet/michellemohr/2013/02/01/obamacare-tax-causes-additional-layoffs-n1503392
"Unfortunately, and in order to absorb this cost burden into our business, this has meant less than 100 positions have been made redundant across various departmental functions in our Tennessee and Massachusetts sites," they said in a statement released earlier this week.
The specific cost that the statement referred to was the Affordable Care Act’s 2.3% tax on medical devices. This tax took effect on January 1, 2013.
Read more: http://townhall.com/tipsheet/michellemohr/2013/02/01/obamacare-tax-causes-additional-layoffs-n1503392
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