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The ‘Coming Layoffs Due to the Expense of Obamacare’ Story Du Jour

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By Doug Powers  •  November 11, 2011 03:41 PM

**Written by Doug Powers

Is it too late for this company to request a waiver?

From the Detroit Free Press:

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.

The job cuts will reduce annual pretax operating costs by more than $100 million beginning in 2013, when the medical-device excise tax is scheduled to take effect, Stryker said Thursday in a statement. Stryker had more than 20,000 employees as of Dec. 31, according to Bloomberg News data.

So there’s about 1,000 people who may soon be unemployed but who will still have access to medical treatment, thanks to Obamacare — the law designed in part to serve as a safety net for victims of its implementation. Central planning at its finest.

(h/t Drudge)

**Written by Doug Powers

Twitter @ThePowersThatBe

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Categories: Health care, Nancy Pelosi