Health Care Law Costing Thousands of Jobs
Cognitive dissonance alert: Even as Secretary Sebelius is testifying before the HELP Committee that the health care law is good for the economy, Abbott Labs decided to lay off nearly 2,000 employees thanks to the very same measure. Bloomberg reports that an Abbott press release noted the layoffs came “in response to changes in the health care industry, including U.S. health care reform and the challenging regulatory environment.”