Medical Company Lays Off 100 Due To Obamacare

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Just another victory for the Affordable Care Act:

Medical company Smith & Nephew fired roughly 100 employees at its Memphis, Tenn., and Massachusetts offices, citing the medical device tax included in The Patient Protection and Affordable Care Act (i.e. “Obamacare”), a Fox affiliate in Memphis reports.

“Inside sources told FOX13 News the layoffs at Smith & Nephew in Memphis went on through most of Thursday morning and afternoon. These sources say employees who were laid off were escorted out of the building immediately,” the report reads. “The company says it laid off less than 100 employees between its Tennessee and Massachusetts offices.”

The company released a statement explaining the reason for the layoffs: “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 statement adds that the company is not exempt from the multi-billion dollar medical device tax included in President Obama’s healthcare overhaul.

“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,” the statement reads.

When Obamacare isn’t costing people their jobs, it’s reducing the number of hours they’re allowed to work by implementing a sort of defacto thirty hour work week. Already employers around the nation are cutting back on employee hours to get under the law’s mandate for health insurance coverage. Local governments are cutting hours. Colleges are cutting hours. Restaurants are cutting hours. Retail stores are cutting hours.

And even as more Americans are unemployed, and underemployed, because of this law it’s also raising the cost of health insurance and health care through layers and layers of coverage mandates.

So, in summary, Obamacare means fewer people working less hours and insurance/health care costs that are growing faster than before.

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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  • Ken

    This is just the beginning.

  • Spartacus

    Zimmer, Biomet, DePuy, Stryker & Medtronic won’t be far behind.

  • $16179444

    don’t worry Hannitard – mommy will continue to make sure you have a bed, clothes and a new surfboard.

  • silverstreak

    I hope they laid off the people with Obama stickers on their cars first.
    After all…they did vote for change.

  • Hal414
  • $16179444

    and still these morons ‘think’ he is doing a good job – sell your soul for a few table scraps. pathetic!

  • mickey_moussaoui

    there will be millions of jobs lost due to this president. 8.5 million so far

  • http://twitter.com/RichardBlank Richard Blank

    OBAMACARE enhances outsourcing offshore. Enacted in July 2010, The U.S. healthcare reform (“ObamaCare” or the “Patient Protection and Affordable Care Act”) is intended to pressure large and small employers through force and taxation. The result will show companies deciding to send customer support, sales, lead generation and appointment setting jobs offshore or risk going out of business. U.S companies can take advantage of a dedicated bilingual employee who is 100% committed to their project. ESL nearshore employees in Costa Rica are just as or more effective than transitional in-house employees. In addition, giving the business the freedom to scale up their offshore staff strength without getting caught in the Obamacare challenge in 2014.

    http://www.obamacareoutsourcing.com

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