Posted on 04/30/2014 8:58:06 AM PDT by SeekAndFind
Ummm...when the personal costs go up by double digits for NO DIFERING SERVICES, yeah...you get “increased spending” on a product that cannot necessarily be deferred. This is not a “benefit” of zerocare; its caused BY zerocare.
Can’t wait to see how much the increase in spending on beef and pork will be reported...hell, bacon went up 25% in just a couple weeks....
I wonder what percentage of the health care spending growth was people getting procedures done before Obamacare limits kick in.
> “reflects additional spending associated with the implementation of the Affordable Care Act.”
No it doesn’t, obviously, because there aren’t enough people PAYING even among the relatively FEW who have signed up to account for this. At best, go-nowhere make-work spending related to Zerocare might have moved some beans around, but that’s it, and obviously NOTHING like that figure.
Health care spending is going to rise, because the Baby Boom began circa 1946 (troops came home in 1945, their wives got pregnant, usually in that order), meaning that in 2011 they started to hit age 65. As we’ve been told for decades now, most of an American’s health care dollars are spent in the last couple of years of their lives. The demographic bulge of the Baby Boom is going to keep pushing up health care spending, restricted only by Obamacare’s Death Panels.
Thanks SeekAndFind.
Business Insider really needs to lose a few pounds before parading around in that skimpy cheerleader outfit.
After that even my insurance people do not know if they will still be in business.
Economists estimated Q1 GDP to be 1.2% with Obamacare, or 1% without it.
Actual q1 GDP: 0.1%
Why?
Because increased healthcare expenses reduced consumer spending.
....and the GOPe has a hand in this. They have been playing games with us.
s obviously unconstitutional, despite what the Extreme Court says.
The blogger over at usdailydeficit dot com has noted Medicaid is running +14% YOY through the first 3 months of 2014.
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