1st February 2013
The company specializes in developing orthopedic reconstruction products, has nearly 11,000 employees and operates in over 90 countries, according to its website.
The Affordable Care Act includes a 2.3 percent tax on medical devices, which is expected to raise nearly $30 billion over the next decade. The tax is applied to gross sales revenues.
‘Hey, you make those marvelous devices that improve people’s health! Guess what? We’re going to tax your ass for it! Doesn’t that make you feel great?’
How clever of the government to call a law that makes health care more expensive ‘the Affordable Care Act’.
In November, medical supply company Stryker announced it would cut 1,170 jobs, or five percent of its worldwide workforce, in anticipation of costs associated with ObamaCare.
The Advanced Medical Technology Association estimates that the medical device tax could cost up to 43,000 U.S. jobs.
That little ol’ job creator, Barack….