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Medical Company Blames 'ObamaCare' For Layoffs

Medical Company Blames 'ObamaCare' For Layoffs

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(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.

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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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