Photo credit: criticalbias.org (Creative Commons)

MEMPHIS, Tenn. (CBSDC) — 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.

Read more at CBS DC.

Photo credit: criticalbias.org (Creative Commons)



Don't Miss Out. Subscribe By Email Or Facebook

Email

Facebook