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  • Obamacare Forces More Layoffs at Daley's Old Firm

    Major Chicago pharmaceutical company Abbott Laboratories will be forced to cut 1,900 jobs (more than 2% of their entire workforce) it announced late yesterday afternoon. As Bloomberg notes, these cuts follow almost 9,000 jobs the company cut just last September.

    In a statement announcing the cuts, a spokesman explained that Obamacare had already cost the company $200 million in the past year and that the layoffs were “in response to changes in the health- care industry, including U.S. health-care reform and the challenging regulatory environment”. Maybe this time the White House will listen. Up until just two weeks ago, Bill Daley, President Obama’s new Chief of Staff, served as a member of Abbott’s board of directors.

    While the President continues to oppose repeal, despite public disapproval, it is increasingly clear that the facts are not on his side. As Heritage reinforced recently in our Case Against Obamacare series, it is hard to study this massive new law and not come away with the realization that it’s a raw deal for the American people. So as Obamacare repeal efforts begin to take shape in the Senate, we can only hope that Obama’s Chief of staff will use his firsthand experience to point this out to his new boss the devastating impact that this law has already had.

    Posted in Obamacare [slideshow_deploy]

    6 Responses to Obamacare Forces More Layoffs at Daley's Old Firm

    1. Bobbie says:

      the president hasn't shown any effort to build this country back up as a whole. His main focus is always on protecting the government and special interests from having to sacrifice. Obamacare deceivingly called "affordable health care act" funding has to stop immediately.

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    5. Robert D. Lewis, Hem says:

      Why can't this entire Obamacare package be undone as fast as it was passed? If It is is unconstitutional why is this still around? This president appears to throw the principals of the constitution out of the door. Why can we impeach the people who voted for this knowng that it was not legal. We are participating in Libya and the consenus is the president did it illegally. Where are the impeachment papers? Everyday I read about this country makes me sick.

    6. cathy, maine says:

      I went to a program called Physicians for a National Health Program….pnhp.org…they spelled out all the details and it sounds like a great alternative to Obamacare or doing nothing. check it out and ask your elected representatives to give us this program instead!

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