I’m wondering if government expenditures on bammycare subsidies are now included in the GDP.
I think that is the case. I listen to Tom Sullivan on Fox Radio, and a while back he warned that the two quarters before the midterms were going to show explosive growth due to the Obamacare subsidies. I think the first quarter numbers displayed such a drop for that reason - they shifted the subsidies and took a hit early so they could reap the benefit later.
At least that’s what I understood.
Short answer, not a material impact: http://www.businessinsider.com/healthcare-spending-estimates-gdp-data-2014-7
Article also helps demonstrate how difficult it is to measure GDP. People on here want to rip the BEA for their “revisions” but given the data they have to work with and the timeframe it’s pretty amazing they get the info out at all. My company has yet to report our last quarter results and we are a $1.2 billion company with 5,000 employees. Significantly less complex than a $16 Trillion economy of 350 million people...