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ObamaCare Tax Causes Additional Layoffs

JB in MS Wrote: Feb 02, 2013 7:37 PM
Most likely because of increased Obamacare costs, which cause increased prices, and then resulting lower sales due to high prices. Sinking sales do tend to make positions redundant for most companies...

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...