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More fallout from Obamacare

This story from the Detroit Free Press (excerpted below) will be repeated many times as we approach the time when/if the health care law takes effect. In our own area, this has to be affecting the medical companies in Warsaw.

The plain fact is, the health care law will cost more and more jobs as time goes on, possibly including jobs lost in Elkhart General Hospital in response to “reform.” Obamacare is making life worse for Americans without improving healthcare for anyone.

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.

via Stryker to cut 5% of workforce | Detroit Free Press | freep.com.

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