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ObamaCare Tax Causes Additional Layoffs

coveyrise Wrote: Feb 02, 2013 8:56 AM
Obamacare will kill more than one million jobs over the next 3 years. 1. If you employ 50 people or more you are required to provide health insurance so how many companies with 50 to 60 employees do you think will drop their work force to 49 over the next few years? How may companies with 45 employees will hire a half dozen and go over the 50 mark when the additional cost will be over $250,000 per year to do so? 2. When any company calculates the new additional cost of "Employee Provided Health Insurance" to their total operating cost it will automatically mean either cutting payroll or going broke. What do you think their decision will be?

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...