Obamacare: Stryker announces layoffs due to healthcare reform
Stryker is a company that manufactures artificial hips and knees and today they announced today the company will be laying off 5% of its workforce:
These actions are part of our ongoing focus on quality, innovation and cost, and position the company to continue to provide strong, consistent growth in a changing environment
What does the CEO of Stryker mean when he talks about a “changing environment” in the medical devices field? Obamacare of course:
Stryker, the Kalamazoo-based maker of artificial hips and knees, will cut 5% of its global workforce by the end of next year to reduce costs in the face of new fees on device makers required by the U.S. health care law
Obamacare raises taxes in order to pay for itself and one of those taxes is a tax on medical devices–including artificial hips and knees. A tax increase on a business is nothing more than a cost increase and companies make up for that increase in the cost of doing business in two ways; they raise the price of the product and they cut workforce. In both cases the people that are most hurt by tax increases on “big business” are the people who can least afford to take the hit–the middle to lower classes–not the companies themselves.
The only way healthcare costs will come down for the people who may need a new hip or a new knee is to send them home with a pain pill to cope with their struggle instead of the new hip or knee they actually need, and this sounds an awful lot like rationing to me.
When Barack Obama sold this bill of goods to the American people he promised that this legislation would help to reduce the cost of healthcare and would actually create jobs, but as we can see in this example Obamacare is actually going to raise the price of certain healthcare expenditures as well as cost people their jobs. Exactly the opposite of what Barack Obama claimed would happen.
And this is only the beginning; most of the healthcare law hasn’t even been implemented at this time. This is as good as it is going to get, it is only going to get worse from here.