So much for sucking up to Obama
Posted on 11/07/2012 7:26:25 PM PST by My Favorite Headache
Last night's victory for the President marks the first time since its inception that Obamacare is no longer a what-if; it is the future of health care in America.
It also means a near immediate impact on the economy. With 20 or so new or higher taxes set to be implemented, ranging from a $123 billion surtax on investment income, through the $20 billion medical device tax, all the way down to the $600 million executive compensation limit, Obamacare will be a nearly unbearable tax burden on the economy.
Who will pay? The middle-class workforce, of course.
So with another four years for President Obama to look forward to, and the obvious inevitability of Obamacare that this entails, let's examine the very real jobs that will be lost, and the very real lives that will be affected.
Welch Allyn
Welch Allyn, a company that manufactures medical diagnostic equipment in central New York, announced in September that they would be laying off 275 employees, or roughly 10% of their workforce over the next three years. One of the major reasons discussed for the layoffs was a proactive response to the Medical Device Tax mandated by the new healthcare law.
Dana Holding Corp.
As recently as a week ago, a global auto parts manufacturing company in Ohio known as Dana Holding Corp., warned their employees of potential layoffs, citing "$24 million over the next six years in additional U.S. health care expenses". After laying off several white collar staffers, company insiders have hinted at more to come. The company will have to cover the additional $24 million cost somehow, which will likely equate to numerous cuts in their current workforce of 25,500 worldwide.
Stryker
One of the biggest medical device manufacturers in the world, Stryker will close their facility in Orchard Park, New York, eliminating 96 jobs in December. Worse, they plan on countering the medical device tax in Obamacare by slashing 5% of their global workforce - an estimated 1,170 positions.
Boston Scientific
In October of 2009, Boston Scientific CEO Ray Elliott, warned that proposed taxes in the health care reform bill could "lead to significant job losses" for his company. Nearly two years later, Elliott announced that the company would be cutting anywhere between 1,200 and 1,400 jobs, while simultaneously shifting investments and workers overseas - to China.
Medtronic
In March of 2010, medical device maker Medtronic warned that Obamacare taxes could result in a reduction of precisely 1,000 jobs. That plan became reality when the company cut 500 positions over the summer, with another 500 set for the end of 2013.
Others
A short list of other companies facing future layoffs at the hands of Obamacare:
Smith & Nephew - 770 layoffs Abbott Labs - 700 layoffs Covidien - 595 layoffs Kinetic Concepts - 427 layoffs St. Jude Medical - 300 layoffs Hill Rom - 200 layoffs
Beyond the complete elimination of a significant number of American jobs is another looming problem created by the health care law - a shift from full-time to part-time workers.
Sean Hackbarth of Free Enterprise explains:
A JP Morgan economist "points out that 8.3 million people are working in part-time jobs even though they'd prefer full-time work. Unfortunately, because of President Obama’s health care law, the Patient Protection and Affordable Care Act (PPACA), workers in the hotel, restaurant, and retail industries could be pushed into part-time jobs working less than 30 hours per week."
"Under the health care law, if a company has more than 50 “full time equivalent” workers, a combination of full and part-time employees, but doesn’t offer “affordable” coverage that meets the government’s minimum value standard, the company will have to pay a penalty. This penalty is determined by the number of full-time employees minus 30 full-time employees. So to reiterate a very important point: part-time workers are not part of the penalty formula. The health care law creates a perverse incentive to hire part-time versus full-time workers."
Tangible examples of Obamacare causing a reduction in full-time workers:
Darden Restaurants
According to the Orlando Sentinel, Darden Restaurants, a casual dining chain best known for their Red Lobster, Olive Garden and LongHorn Steakhouse restaurants, is "experimenting with limiting the hours of some of its workers to avoid health care requirements under the Affordable Care Act when they take effect in 2014".
JANCOA Janitorial Services
The CEO of JANCOA, Mary Miller, testified to Congress that Obamacare was a "dream killer", adding that one option she had to consider "is reducing the majority of my team members to part-time employment in order to reduce the amount that I will be penalized."
Kroger
The American retailer in Cincinnati, Ohio recently was reported to be planning a significant slashing of their hourly workers. Doug Ross writes:
Operative Faith (a mid-level manager with the company) reveals that Kroger will soon join the ranks of Darden Restaurants and slash the hours of its non-exempt (hourly) workers to avoid millions in Obamacare penalties.
According to the source, Obamacare could result in tens of thousands of Kroger employees being limited to working 28 hours per week.
Summary
This is by no means, meant to be an exhaustive list. But it is meant to provide examples of real companies, real jobs, and real names, soon to be added to the growing list of employment casualties provided by the inevitable implementation of Obamacare.
Last night, America voted for four more years of President Obama and his destructive economic and health care policies. By extension, America last night voted their approval of the aforementioned layoffs and overall work reduction.
Now we must accept the inevitable. Welcome to mourning in America.
Sorry you lost your jobs so that Sandra Fluke can have her birth control and abortions.
Brookshire’s Grocery Stores also announced they will be keeping the majority of their clerks and non-managerial staff at 29 hours and under as well.
and the CEO of Darden is a big 0bama supporter and got a waiver from 0bamaCare
What about Lockheed? Didn’t 0bama extort them so they wouldn’t do their layoffs prior to the election resulting in bad press for 0bama that wouldn’t be reported anyway?
Thanks democrats, the economy is improving and only rich people are being affected (those dirty SOB's). 4 MORE YEARS! God I feel sick
Moslems and Congress are EXEMPT, so presumably
any company run by CongressCHEATERS or Moslems
is exempt from the taxes, too.
Equal under the Law ? -— NOT ANYMORE.
Moochelle: "And with four more years of lavish vacations and fancy dinners my azz will be THIS big!"
One of the first things to hit me when the news started looking bad last night was that the companies who were waiting until after the election to make hiring decisions were not going to be hiring because of Obama winning. They know they’re in a holding pattern for another 4 years. They have no idea whether Obama is going to put them out of business through regulation and taxes.
If I owned a business that allowed moving, there’s no way I would stay in the Divided States of America; I’d move my business to someplace that valued business and then if I wasn’t totally disgusted with this country altogether I’d decide whether I could afford to still live in the Divided States of America.
The article doesn’t cover the 2.5 million Defense Contractor jobs that will be lost due to Sequestration. One of those jobs will likely be mine. When this happens I will have been laid off 3 time in the last 4 years.
Not True: Whole new branches of law firms will employe millions of lawyers in the field of obamacare law.
Rush will have new advertisers. Instead of dealing with the IRS on back taxes, lawyers will be needed for every phase of dealings with Obamacare.
Being denied that heart transplant? Our law firm will get you a heart from the IRS.
Your company being closed by IRS without any reason whatsoever? You need lawyers to sue the IRS.
Millions and millions of lawyers will make millions and millions of dollars thanks to obamacare.
Northrop Grumman should be added - they sent out an advanced letter a month ago due to the inevitable sequestration.
Heck, just go ahead and add most of the defense contractors in the country to this list.
Red Lobster???...not a bad place to avoid.....awful place...
ThFor the Dems this is a win-win.
Think about it.
Millions of part time workers who need ...what?
Health Insurance...
But cannot afford it....
So One Payer National Health care
Just like Britain...
Praying for these people....One of them is my son. Broke my heart talking to him today. He is worried about his family. He gets to live that #ObamaEconomy
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