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Medical Company Blames 'ObamaCare' For Layoffs

Medical Company Blames 'ObamaCare' For Layoffs

(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.

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.

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