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.
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