MEDICAL COMPANY BLAMES ‘OBAMACARE’ FOR MASSIVE LAYOFFS
doofiegirl BTO-t- BCRA-F ~PWCM~ 2013/02/03 16:13:03
MEMPHIS, Tenn. (CBSDC) — A medical company is blaming President Obama’s health care law for the layoffs of nearly 100 people.
Smith & Nephew says a 2.3 percent excise tax on medical devices in the “Obamacare” law caused the layoffs in the Memphis and Andover, Mass., offices.
“The nearly $30 billion tax on medical devices that took effect Jan. 1, 2013, has impacted a number of companies across the U.S.,” the company said in a statement to WHBQ-TV.
Read more at CBS DC. http://washington.cbslocal.com/2013/02/01/medical-company-bla...
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