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Blaming health care act for job losses seems a bit much

By: Reader's Page


Source: blog.sandiego.com


 

The Welch Allyn CEO 's announcement that it plans to cut jobs, citing a new 2.3 percent federal tax on medical equipment devices, raises some questions about this claim and the further claim this tax will cost the company "millions," and that it will move some of its production to Tijuana, Mexico (a la Bain Capital). 


CEO Steve Meyer further claims the Affordable Care Act is to blame. However, he does not disclose how much the sales of medical devices will increase the company's sales or profits, stating that the company does not disclose such information. 

 

Published Tuesday, September 18, 2012 12:06 PM by Faby Delgado

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