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Medical Giant Stryker Cuts 1,170 Jobs, Citing ObamaCare


Isn’t this free healthcare great! Thanks Barry. The man that runs this company is big Obama and Democrat donor.

Fox News:

Medical supply giant Stryker is the latest company to announce job cuts in  anticipation of coming costs associated with ObamaCare, even though the man who  inherited a fortune from the company’s founder is a fan.

The company will cut 1,170 jobs, or five percent of its worldwide workforce,  despite the fact that the founder’s grandson was one of the largest contributors  to President Obama’s re-election campaign. Medical tech scion Jon Stryker, whose  net worth is currently estimated at $1.2 billion, contributed $2 million to the  Priorities USA Action super PAC and has given $66,000 in contributions to Obama  and the Democratic Party. Stryker does not run the company.

A “medical device excise tax” included in the mandate imposes a 2.3 percent  levy on medical device manufacturers and suppliers, which critics say will raise  prices on everything from pacemakers to prosthetics to stents. Companies will be  required to pay the tax regardless if they have a profit or loss for the year.  The tax is estimated to cost the medical device industry $20 billion.

House Republicans tried to have the tax repealed, drafting a bill called the  Protect Medical Innovation Act, but the Democrat-controlled Senate has blocked  the measure. READ MORE

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