ObamaCare Job Cuts:St. Vincent Health eliminating about 865 jobs in Indiana

IBJ reports:

St. Vincent Health said late Friday afternoon that it has made cuts that will reduce its labor costs by 5 percent—a move that will eliminate about 865 jobs in the state. St. Vincent employs about 17,300 at its 22 hospitals across Indiana. It was not clear how many workers were losing their jobs within the Indianapolis area. However, people familiar with the cuts said the reductions were heavy in the administrative ranks, and many of those jobs are on the city's north side. The reductions are meant to save money as Obamacare and Congressional budget cuts promise to take a bite out of hospital reimbursement rates.

Great moments of the Obama "economic recovery."