Ain’t that great. The government health insurance extortion racket raised GDP.
So it must be good for the economy, just like EBT cards...right?
The government essentially confiscates larger sums from us for less health care and calls that an increase in the GDP. Orwellian NewSpeak at it’s finest.
As Tyler Durden of Zero Hedge observes,
“And of course, for all those who correctly point out that mandatory spending on healthcare, also known as mal-investment, took away from spending on every other discretionary item possible, well... you are right.”
These “increases” were a tax, not consumption. Taxes are not included in GDP. More lies from the white hut
Paid for by raising the national debt.