Everything ObamaCare touches, it destroys. Next on the list, the medical device industry and the people who work in it. A Michigan TV station has reported that, thanks to ObamaCare, a medical device manufacturer has laid off more than 1,000 workers. You can bet your bottom dollar that this is just the beginning.
There are also new taxes affecting West Michigan industry, in particular, that took effect this year. There’s a new 2.3 percent excise tax on medical device manufacturers. According to some reports, Kalamazoo based Stryker has laid off more than a thousand people because of it–and owes the federal government upwards of $100 million dollars this year alone. Late last week a Stryker spokesperson told me that Obamacare will cost the company fully 20 percent of its total research and development investments.