The company, which makes orthopedic reconstruction products, is blaming 2.3 percent excise tax on medical devices in President Obama's health care law for the layoffs, according to Fox13 News. “The nearly $30 billion tax on medical devices that took effect Jan. 1, 2013, has …. see this over and over again. http ://www.huffingtonpost.com/social/DRaymond/smith-nephew-obamacare-layoff_n_2607112_227108613.html. View Thread | Share it. 227108613,227357378 …

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Medical Company Smith & Nephew Lays Off Almost 100 People …