Obama’s re-election campaign will not be bragging about Obamacare very much because there is little to brag about. In fact, Obamacare is becoming a huge burden and proving to be the failure many predicted it would be. The idealistic nonsense that was used to sell Obamacare is no match for the harsh reality of the consequences.
From Michelle Malkin
One of the nation’s top stent manufacturers, Boston Scientific, warned… that Obamacare’s punitive medical device tax would lead to worker losses and research cuts…many medical device manufacturers are suffering, and many more are preparing for the worst as the White House gears up to collect on an estimated $20 billion from the lifesaving industry…Barring congressional intervention, the medical device tax will go into full effect in 2013.
Cook Group chairman Stephen Ferguson noted the tax burden amounted to a whopping 55 percent of its profits…“This creates tremendous pressure for us to move manufacturing to Europe and other parts of the world”… Stryker, a maker of artificial hips and knees…announced in November that it would slash 5 percent of its global workforce (an estimated 1,000 workers) this coming year to reduce costs related to Obamacare’s taxes and mandates…
Covidien, a N.Y.-based surgical supplies manufacturer, recently announced layoffs of 200 American workers and plans to move some of its plant work to Mexico and Costa Rica…Zoll Medical Corp (said) “Running our company at close to break even would not be a sustainable position for us…so we will be forced to look at alternatives”… Those “alternatives” include cutting payroll, cutting R and D and passing on the costs to patients…
Read it here: Michelle Malkin