Obamacare Medical Device Tax Costs Another 100 Jobs

Thanks to Obamacare’s 2.3% medical device tax another 100 Americans are losing their jobs. According to the Washington Times, the global orthopedic device manufacturer Smith and Nephew is laying off almost 100 employees at plants in Tennessee and Massachusetts. The company released a statement placing the blame on Obamacare.

Joe Metzger, senior vice president of corporate communications for Smith & Nephew, said the tax is impacting “a number of companies across the U.S.”

“Smith & Nephew is not immune from this added expense burden,” Metzger said in a statement. “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 company is providing the affected employees with a comprehensive severance package and outplacement support.”

I’m sure those employees would rather have jobs than severance packages and outplacement support in this horrible Obama economy.

Smith and Nephew isn’t the only company that has let workers go because of this new tax, and it probably won’t be the last.