Study: Obamacare Medical Device Tax Killed 33,000 Jobs
A new study finds that the Obamacare tax on medical devices killed 33,000 jobs.
The study, conducted by the Advanced Medical Technology Association (AdvaMed), said the Obamacare tax slashed 14,000 industry worker jobs and quashed the hiring of 19,000 more.
"During a time when there is bipartisan support for growing high-technology manufacturing jobs, these results should serve as a wake-up call," said AdvaMed CEO and President Stephen J. Ubl. "The findings of the report underscore the need to repeal this tax."
Even some Democrats like Sen. Al Franken (D-MN) have conceded that the Obamacare medical device tax is a "job-killing tax."
The study's findings are just the latest round of job-killing news for Obamacare. Earlier this month, the Congressional Budget Office (CBO) reported that Obamacare will reduce the U.S. workforce by 2.3 million full-time workers over the next seven years.
However, embattled Health and Human Services (HHS) Secretary Kathleen Sebelius claimed last week that "There is absolutely no evidence, and every economist will tell you this, that there is any job loss related to the Affordable Care Act."
According to the latest Investor's Business Daily Obamacare jobs scorecard, 401 employers have now slashed tens of thousands of worker hours and jobs due to Obamacare.