February 22, 2014

Evidence of Job Loss

Memo to Kathleen Sebelius.

HHS Secretary Kathleen Sebelius may stubbornly insist that ObamaCare isn’t destroying jobs, but the Advanced Medical Technology Association, an industry trade group, says otherwise. Just the medical device tax “has resulted in employment reductions of approximately 14,000 industry workers and forgone hiring of 19,000 workers,” the group says. “The total job impact of the tax on industry employment was approximately 33,000.” On top of that, the indirect effect of the tax was to eliminate “as many as 165,000 jobs.” Jobs are also being sent overseas, while companies cut back on research and development, slow down investment and forego plans for new facilities. But Sebelius says “there is absolutely no evidence” of this, so move along.

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