More Fallout From ObamaCare’s Taxes: Medical Plant Scrubs Plans to Expand, Add 1500 jobs

Posted by NosferatusCoffin | July 28th, 2012

As more and more of ObamaCare’s taxes, fees and regulations come to light as well closer to becoming law, both the short-term and long-term fallout will hit nearly every citizen. Healthy or not. Wealthy or not. Young, old, middle-aged and everyplace else in between.

Here we have a situation where not only will availability be curtailed, but the costs, both out of pocket and in jobs, will be felt.

From FoxNews.com (Hat Tip to Duh_Progressive):

An Indiana-based medical equipment manufacturer says it’s scrapping plans to open five new plants in the coming years because of a looming tax tied to President Obama’s health care overhaul law.

Cook Medical claims the tax on medical devices, set to take effect next year, will cost the company roughly $20 million a year, cutting into money that would otherwise go toward expanding into new facilities over the next five years.

“This is the equivalent of about a plant a year that we’re not going to be able to build,” a company spokesman told FoxNews.com.

He said the original plan was to build factories in “hard-pressed” Midwestern communities, each employing up to 300 people. But those factories cost roughly the same amount as the projected cost of the new tax. (emphasis mine)

So, just like how the web of EnvrioMarxist rules, regulations and taxes of the last 35 years have literally stopped the constuction of new gas refineries, nuclear plants and natural gas facilities, so ObamaCare will stunt the growth and expansion of innovative medical companies and their products. All the while costing jobs that already exist while killing jobs still in the womb. In this case, some 1500 potential jobs.

So much for the private sector, “doing fine”.



Filed Under: Health Care, ObamaCare

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