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Subject:  The Medical Device Tax impact Date:  11/17/2012  2:13 PM
Author:  Knighted Number:  655690 of 795028

As a result of the Obamacare legislation, medical device companies will have a 2.3% tax imposed on their sales, regardless of whether any profit or income is made. Skimming through recent news articles, what has the jobs impact been so far?

Here are the companies that have reported significant layoffs as a result of this tax:

1200 jobs - Boston Scientific
1000 jobs - Medtronic
1170 jobs - Stryker Medical
770 jobs - Smith & Nephew
700 jobs - Abbott Labs
595 jobs - Covidien