Layoffs: Medical device companies cut 2,000 jobs in 2 months

Mass Device ^ | September 14, 2012 | MassDevice staff

[Sopater]

Cost-cutting moves by medical device companies have resulted in the loss of more than 2,000 jobs over the past 2 months.

Medical device companies are molting at a reptilian rate, shedding more than 2,000 jobs over the past 2 months as they look to slash costs across the board.

Several of the med-tech companies that are scrapping jobs say the 2.3% medical device excise tax in the Patient Protection and Affordable Care Act, slated to begin in January 2013. Others deny that the tax is the sole cause of their moves, saying it's a factor but not determinative.

Seven medical device companies have announced restructuring plans involving layoffs since July 13

[bgill]

2,000 is just a number. To understand the whole picture, what is that in percentages? Were the employees laid off or were these jobs merely not rehired to tighten the bottom line?

[okie01]

Does America really need the monay so badly we tax those already in trouble because of failing health?

You obviously don't understand.

It was politically very important for the Obama administration and Ms. Pelosi's Democrat majority that the additional cost of The Patient Protection & Affordable Care Act come in at less than $1 (snicker) Trillion.

It was therefore absolutely necessary to tax the handicapped for their wheelchairs, walkers and potty chairs.

It was the least the handicapped, aged and infirm could do for their generous benefactors -- the Obama Administration and Ms. Pelosi's Democrat majority.