It’s also worth mentioning in this context the Obamacare tax on medical devices. This will also reduce innovation in that area.
Obamacare medical device tax led to loss of 33,000 jobs, report says
33,000 laid off or not hired
Excerpt:
A new survey says Obamacare’s tax on medical device manufacturers forced companies to lay off or avoid hiring 33,000 workers last year — adding another arrow to the GOP’s quiver as Republicans aim to portray the health care law as a job-killing program.
The report from the Advanced Medical Technology Association, or AdvaMed, underscored the latest line of attack against President Obama’s signature law, as Republicans also trumpet the potential harm of the law’s insurance rules on employers and a new report suggests government-subsidized health plans will prompt more than 2 million people to work less or leave the workforce.