Medical Company Smith and Nephew Lays Off 100 People Thanks to Obamacare (Video)

Thanks Barack.
London-based Smith and Nephew laid off 100 people in Tennessee and Massachusetts thanks to Obamacare.
MyFOXMemphis reported:

CBS Local reported:

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.

Joe Metzger, senior vice president of corporate communications for the company, tells the Memphis Business Journal that they were “not immune” to the tax burden.

“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,” Metzger told the Business Journal. “The company is providing the affected employees with a comprehensive severance package and outplacement support.”

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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