Blaming the Affordable Care Act (Obamacare) Northeast Ohio’s largest employer is making severe cuts. Even worse – it’s a major medical institution.
According to Fox 8 in Cleveland, the Cleveland Clinic announced that it is cutting $330 million from its budget.
The cuts will force thousands into early retirement, cause a reduction in economy-stimulating business spending and will cause layoffs.
A Cleveland Clinic spokeswoman says that the cuts are to prepare for increased costs and decreased revenue due to President Obama’s signature health care reform.