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Medical giant Stryker cuts 1,170 jobs, citing ObamaCare
FoxNews.com ^ | November 16, 2012 | Perry Chiaramonte

Posted on 11/17/2012 6:09:16 AM PST by FreeAtlanta

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 House Republicans tried to have the tax repealed, drafting a bill called the Protect Medical Innovation Act, but the Democrat-controlled Senate has blocked the measure....

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: consequences; layoffs; notbreakingnews; obama; obamacare; stryker
Elections have consequences. This idiot inherited his wealth. I wonder if the companies founder would have supported Obama? The founder is probably rolling in his/her grave.
1 posted on 11/17/2012 6:09:24 AM PST by FreeAtlanta
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Comment #2 Removed by Moderator

To: FreeAtlanta
Stryker
3 posted on 11/17/2012 6:12:05 AM PST by A.A. Cunningham (Barry Soetoro is a Kenyan communist)
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To: FreeAtlanta

Maybe they can apply to teach math. Mr. Obama said he is going to hire 10,000 new math teachers and this will off set this massive layoff.


4 posted on 11/17/2012 6:13:42 AM PST by rovenstinez
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To: A.A. Cunningham

crud, I did a search.


5 posted on 11/17/2012 6:13:52 AM PST by FreeAtlanta (bahits.com)
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To: rovenstinez

What maker will be left to generate real goods to pay for those teachers?

I am so sick of the left and their imaginary la la land where everything is rainbows and lollipops. We need to remind them that they and Obama did this.


6 posted on 11/17/2012 6:15:56 AM PST by FreeAtlanta (bahits.com)
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To: FreeAtlanta
".. 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."

So, these people were hoping for an obama victory so they could fire people??

7 posted on 11/17/2012 6:26:37 AM PST by Tula Git
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To: FreeAtlanta

With people over 80 not qualifying for such devices because of the patient’s limited “shelf life,” these companies won’t be doing so well anyway. Big pharma will also see their markets shrink as expensive brand-name prescriptions will be rationed.

There is no way that 30 million uninsured can get health care without restricting services to those that are currently costing Medicare too much.


8 posted on 11/17/2012 6:30:22 AM PST by txrefugee
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To: rovenstinez
Here is a bit of irony...

Probably a job for them under the Obamacare bureaucracy. /sarc

9 posted on 11/17/2012 6:32:38 AM PST by dhs12345
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To: txrefugee

Well, at least funeral homes and casket makers will prosper.


10 posted on 11/17/2012 6:34:01 AM PST by crosshairs (Hurricane Barry is 1000 times more destructive than Hurricane Sandy.)
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To: txrefugee
On the other hand, the treatment will be medicate the patient versus cure the patient because it is cheaper. The big Pharmas may do okay.
11 posted on 11/17/2012 6:36:08 AM PST by dhs12345
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To: FreeAtlanta
Photobucket
12 posted on 11/17/2012 6:45:47 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: crosshairs

“at least funeral homes and casket makers will prosper.”

Once they finish confiscating our wealth, we’re all going to die paupers and won’t have one of those fancy funerals.

First we’ll face the death panel, then they’ll throw us into a pine box in the back of the same panel truck that transports our grave diggers and their shovels.


13 posted on 11/17/2012 6:51:11 AM PST by Heart of Georgia
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To: txrefugee

Add 30 million patients & subtract 60% of the work force that is doctors & other specialists.....

That should work really well!!!!


14 posted on 11/17/2012 6:53:01 AM PST by ridesthemiles
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To: crosshairs

Are caskets also called ‘medical devices’??? Another source of tax.


15 posted on 11/17/2012 6:55:59 AM PST by ridesthemiles
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To: FreeAtlanta

Jon Stryker is a tool and needs to study his history and economics before making anymore “contributions”.

In the meantime, I suggest ALL Freepers ask a business who they voted for before buying their services. My tally so fay:

1- My favorite coffee shop voted Romney. I buy coffee
2- A local pizza place voted Obama. No more of their pizza
3- My dry cleaners voted Obama. They won’t get my shirts anymore

I always ask up front, “who did the owner/manager vote for”.


16 posted on 11/17/2012 6:59:06 AM PST by albie
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To: albie

I have a local small town restaurant/pizza joint owner who immigrated from Italy. I found out that he was an obummer supporter before the first debacle of an election. We had a good go round. The main problem was one of his dippy waitresses did not know who to vote for until she asked him. He did the usual brainwash on her. I don’t go there anymore and never will.


17 posted on 11/17/2012 7:12:37 AM PST by certrtwngnut (He shrugs!)
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To: albie
I'm in.

A candidate running for City council stopped by my home the other day. Nice young man, took his brochure, no mention of Party. First thing I asked: Are you a Republican?

He said yes, and because the question caught him off guard, I have to believe he is telling the truth, will see.

I told him, it is very important for that to be known. Why do they try to hide their best asset?

18 posted on 11/17/2012 7:17:24 AM PST by annieokie
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To: FreeAtlanta
If you've ever been to a hospital...the Stryker name is on a lot of the equipment. Wonder what happens to their warranties on all this stuff?


19 posted on 11/17/2012 7:23:40 AM PST by Daffynition (Self-respect: the secure feeling that no one, as yet, is suspicious. ~ HLM)
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To: ridesthemiles
Add 30 million patients & subtract 60% of the work force that is doctors & other specialists.....

Obama is creating 16,000 new jobs, I.R.S. agents to enforce Obamacare, give the guy a little credit.

20 posted on 11/17/2012 7:55:47 AM PST by Graybeard58 (What G.O.P.e. candidate is in store for us in 2016?)
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To: dhs12345

Maybe grandma doesn’t need that hip....maybe she just needs the “blue Pill”...all part of the grand design!


21 posted on 11/17/2012 8:01:01 AM PST by Froggie
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To: annieokie
A candidate running for City council stopped by my home the other day. Nice young man, took his brochure, no mention of Party. First thing I asked: Are you a Republican?

I live in a small town and a couple of years back, the current mayor, who I didn't know, stopped to talk to me one day about the up coming election for mayor.

I asked him his political party and he told me that local elections aren't connected to parties, so I asked him how he votes in national elections. He finally told me that he was a republican.

He seemed conservative and I told him that I would vote for him. He stopped by another time before the election and I reassured him that he had my vote. In neither visit did he mention his opponent. That should have given me a clue.

Election day, I went to vote, only to find that he was running unopposed.

22 posted on 11/17/2012 8:03:49 AM PST by Graybeard58 (What G.O.P.e. candidate is in store for us in 2016?)
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To: Graybeard58
All that work to find he was unopposed...rofl. But hey, got to be very careful.

I want to know why these guys are so ashamed of their party both R's and D's, that they won't disclose it on their brochures or signs anymore.

Think we conservatives won't notice? lol I also want the Judges to have to disclose who they are. VERY IMPORTANT that one.

23 posted on 11/17/2012 8:20:17 AM PST by annieokie
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks FreeAtlanta.
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...

24 posted on 11/17/2012 8:23:14 AM PST by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: FreeAtlanta

My message to the idiot American electorate is: “As layoffs surge into the hundreds of thousands.. no bitching!
Remember... YOU wanted this!”


25 posted on 11/17/2012 8:34:25 AM PST by ScottinVA (I've never been more disgusted with American voters.)
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To: rovenstinez

They have dumbed down math at schools I don’t know if he can find that many good math teachers. When I got my accounting degree I had to do the math by hand before I was ever allowed to touch a calculator. I’ve helped some students in the recent past that only know the calculator and they aren’t required to take much math.


26 posted on 11/17/2012 8:48:04 AM PST by Rusty0604
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To: Froggie
Yup. While your at it, just stick her in a nursing home and double her blue pills until she passes on.
27 posted on 11/17/2012 9:19:32 AM PST by dhs12345
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To: FreeAtlanta

November 17 , 2012

Mountain View Center PA - Reports of Layoffs

AMD - More Layoffs Coming in Jan?

Take Charge America - 35

Montana’s Decker Coal Mine - up to 75

Update: Stryker - 1,170

Xtreme Power Grove Okla. Plant - 63

Glu Mobile - Some Layoffs

The Lubbock Radisson - 36

http://www.dailyjobcuts.com/


28 posted on 11/17/2012 9:30:32 AM PST by KeyLargo
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To: crosshairs

“Well, at least funeral homes and casket makers will prosper.”

Not really.

With the high costs of funeral services and the average American’s income down more and more people are opting for simple cremation.

A GRAVE INTEREST

Death is a $12 to $15-billion industry in the United States. As we continue to die, rates continue to climb. Expenses for a funeral service can vary dramatically, depending on what type of funeral you decide on and where you are located. According to the 2010 Funeral Price Survey by the National Funeral Directors Association (NFDA) http://www.nfda.org/, Americans spent, on average, $7,775.00 for an adult funeral in 2009, based on the elements of a regular, traditional funeral.

This does not include the cemetery costs which include the gravesite, vault, opening and closing of the grave, or the grave marker. These charges can run another $2,000 to $3,000 for interment in ‘regular’ cemeteries. (Remember, the larger, more popular or exclusive a cemetery is, the higher the cost to get admitted.) And the price of a grave marker or monument depends on what you choose.

http://agraveinterest.blogspot.com/2012/03/high-cost-of-dying-traditional-funeral.html

Cheap Cremation…..How Cost and Convenience is Changing our Funeral Plans

An expenditure that most of us do not give any thought to until faced with the role of making arrangements for a lost loved one. However, it is usually the third largest one-time purchase, following a home and vehicle.

The average cost of an adult funeral in 2009 was $6,560, up 17.5% from 2004, but this bill can exceed $10,000 when burial plots, vaults, limousines and obituaries are all added to the bottom line. According to the Cremation Association of North America (CANA), the price tag for a simple cremation costs an average of $1,650, this includes a simple memorial service. If no memorial service is included and a direct cremation performed, the average price is $725.

The cost to inter a cremation urn is also significantly less than the cost for a burial plot for a casket. Burial plots can range anywhere between $1,650 and $5,000, whereas a cremation burial space averages about $995.

Cremations on the Increase

The cremation rate has steadily been on the increase in the United States since the 1960s. The ruling by the Vatican in 1963 to allow cremation for catholic funerals marked a shift-change in traditional burials and funerals.

In 1980 about one in ten people who died in the U.S. were cremated, by 2009 this had reached 37% and by 2018 it is expected that at least half of all deaths will be followed by a cremation.

http://www.us-funerals.com/funeral-articles/cheap-cremation-is-changing-our-funeral-plans.html#.UKfKBGfWaIQ


29 posted on 11/17/2012 9:39:13 AM PST by KeyLargo
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To: FreeAtlanta

Just like the progeny of so many founders of great corporations, he’s wracked with guilt over money he did not earn. He assuages his guilt by support radical democrats. History is full of communists whose incredibly successful and entrepreneurial parents and grandparents made the family fortune.

The very sad thing is he’s got his enormous pile of cash and his poor employees are suffering for his folly.


30 posted on 11/17/2012 9:39:38 AM PST by ProtectOurFreedom
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To: albie

Just how do you ascertain this? Do they post their political affiliations in their windows?


31 posted on 11/17/2012 9:41:06 AM PST by ProtectOurFreedom
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To: FreeAtlanta
What baffles me is how Minnesota—with at least three Medical Device companies headquartered here—can vote Obama? Same with the people I work with in healthcare marketing— who are all Obama voters. I basically told them that to vote for Obama is to vote themselves out of a job. They could NOT figure that part out. I told them that marketing/communications is the first thing that gets cut when healthcare companies look to reduce the cost of doing business. The v.p. of one of the companies I work with sent out a very subtle e-mail the night before the election to all the marketing communications people saying next year we are cutting budgets and people. However, the group voted en masse for the ONE.

What is it about people in Minnesota? All the 3M retirees who lost their health care benefits due to Obama care and they not only voted for Obama AGAIN, but also re elected Betty McCollum—the biggest Obama care supporter.

32 posted on 11/17/2012 9:44:12 AM PST by adgirl
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To: ProtectOurFreedom
History is full of communists whose incredibly successful and entrepreneurial parents and grandparents made the family fortune.

It is one of history's great ironies that the Communist Revolution in Russia was essentially financed by the salons of the super-wealthy on New York's upper east side and in London. Pyotr Kropotkin made a killing in Lenin's behalf, seeking the financial support of the third generation Astors, Morgans, Vanderbilts, etc.

That Kropotkin's name should become the genesis for the term "crackpot" was never quite understood by these wealthhy naifs.

33 posted on 11/17/2012 9:54:57 AM PST by okie01 (THE MAINSTREAM MEDIA; Ignorance on parade.)
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To: okie01

Thanks for the bit of info on Kropotkin...interesting fact.

I recently read “The Myth of the Robber Barons” and it had a short bio of Cornelius Vanderbilt among others. His low-cost steamship lines opened travel to the masses. His competitors in the mid 1800s were all taking federal subsidies which they used to build floating palaces for the ultra-wealthy. His competitors went bankrupt and Vanderbilt became fabulously wealthy. History merely repeats itself with Solyndra, et al.

It is a tragedy of human nature that the children and grandchildren who inherited the wealth naively sponsored, championed, and financed communism to atone for their guilt. Of course, that was back when such people harbored childish utopian dreams and before the mass killings and subjugation of hundreds of millions in totalitarian nightmares.


34 posted on 11/17/2012 10:21:24 AM PST by ProtectOurFreedom
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To: ProtectOurFreedom
It is a tragedy of human nature that the children and grandchildren who inherited the wealth naively sponsored, championed, and financed communism to atone for their guilt. Of course, that was back when such people harbored childish utopian dreams and before the mass killings and subjugation of hundreds of millions in totalitarian nightmares.

Under the circumstances, one can understand why a Bill Gates or a Warren Buffet might leave a comparative pittance to their issue -- so that they don't piss it away on lame-brained causes.

Those two, however, seem intent on doing that themselves.

And, unfortunately, despite all the bloody evidence of what Communism produces, it hasn't forestalled the second and third generation wealthy from continuing to believe "their childish utopian dreams".

See Stryker, Jon. And every heir and heiress who lavishly contributes to the Democrat party, the environmental "cause", Planned Parenthood, the NAACP, La Raza, the Occupy movement, etc. All they are doing is enriching the socialist forces' stealth attack on their own wealth.

35 posted on 11/17/2012 11:00:59 AM PST by okie01 (THE MAINSTREAM MEDIA; Ignorance on parade.)
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To: ProtectOurFreedom
It is a tragedy of human nature that the children and grandchildren who inherited the wealth naively sponsored, championed, and financed communism to atone for their guilt. Of course, that was back when such people harbored childish utopian dreams and before the mass killings and subjugation of hundreds of millions in totalitarian nightmares.

Under the circumstances, one can understand why a Bill Gates or a Warren Buffet might leave a comparative pittance to their issue -- so that they don't piss it away on lame-brained causes.

Those two, however, seem intent on doing that themselves.

And, unfortunately, despite all the bloody evidence of what Communism produces, it hasn't forestalled the second and third generation wealthy from continuing to believe "their childish utopian dreams".

See Stryker, Jon. And every heir and heiress who lavishly contributes to the Democrat party, the environmental "cause", Planned Parenthood, the NAACP, La Raza, the Occupy movement, etc. All they are doing is enriching the socialist forces' stealth attack on their own wealth.

36 posted on 11/17/2012 11:01:38 AM PST by okie01 (THE MAINSTREAM MEDIA; Ignorance on parade.)
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To: FreeAtlanta
Stryker 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.

This is proof that just because you're rich you can still be stupid!!

37 posted on 11/17/2012 12:37:09 PM PST by ExCTCitizen (More Republicans stayed home then the margin of victory of O's Win...)
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To: FreeAtlanta

Employers will be dropping their employee health insurance programs before long thanks to bocare.


38 posted on 11/17/2012 12:39:43 PM PST by DMG2FUN
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To: ProtectOurFreedom

Just how do you ascertain this?”

...I simply ask. “Who did the owner vote for?” I think you’ll find that liberals are so rabid they’ll blurt out “OBAMA” if that’s the case. They’re a proud lot.


39 posted on 11/17/2012 3:52:49 PM PST by albie
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To: Heart of Georgia
First we’ll face the death panel, then they’ll throw us into a pine box in the back of the same panel truck that transports our grave diggers and their shovels.

Pine box??? In Obamaland, are you kidding? Not with generous carbon credits!


40 posted on 11/17/2012 4:07:28 PM PST by COBOL2Java (The GOP-e said "Beat a Marxist with a Liberal!" What a colossal blunder.)
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To: COBOL2Java

You’re probably right, they’ll just toss us in a furnace = more of our land that can be given to China in exchange for our debt.


41 posted on 11/18/2012 7:29:57 AM PST by Heart of Georgia
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