The Full Feed from HuffingtonPost.com: Medical Company Smith & Nephew Lays Off Almost 100 People, Blames Obamacare

The Full Feed from HuffingtonPost.com The Full Feed from HuffingtonPost.com

Medical Company Smith & Nephew Lays Off Almost 100 People, Blames Obamacare Feb 2nd 2013, 20:16 Another company is blaming Obamacare for layoffs. Medical technology company, Smith & Nephew, announced Thursday that it would be letting go of almost 100 workers at its plants in Tennessee and Massachusetts. The company, which makes orthopedic reconstruction products, is blaming 2.3 percent excise tax on medical devices in President Obama's health care law for the layoffs, according to Fox13 News. "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 Fox13 News. Read More... More on Barack Obama

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