[kingu]

"In nominal terms, household spending on healthcare averaged 3.9% between 2010 and 2013," wrote Markowska in a note to clients Thursday. "It began to accelerate in the first half of 2014 and has averaged at 5.2% since then. Importantly, this pickup in healthcare spending was not driven by higher costs; real spending in this category accelerated from 1.9% in 2010-2013 to 3.9% thereafter."

Translation: Even while most parts of the economy have price retraction, health care costs for the average home has more than doubled in the past two years. This tax is called ObamaCare.

[HarleyD]

Part of the increased spending no doubt has to do with the number of people spending more on insurance who did not have it before, but also higher spending on drug prescriptions. This increased consumer spending and labor availability is a net positive for the economy, according to Markowska.

Increased spending??? My doctor was required by the new Obamacare guidelines to put me on anti-cholesterol medication even though I did not want it. He would be penalized if he did not do it. So now I'm paying a monthly fee for new medication which I just as soon not take.

Also, it is now required to go back to your primary care physician whenever having routine operations for pre-op work. My brother and I both had to go three times to our primary care doctors (different doctors) before we could have some routine surgery. Instead of paying one co-pay we had to pay three co-pay for one operation (not including the specialist).

Yes, there is increased spending. It is nothing more than useless and wasteful spending.

[Rusty0604]

Spending on healthcare may average 5.2% when you include those that get free or subsidized or employer paid healthcare, but it’s a lot more than that for the people that actually have to pay for their own healthcare.

[Buckeye McFrog]

He's blushing.

[Organic Panic]

WOW. Government mandated spending increases spending. Who woulda thought that would increase GPD? And give free stuff away and people consume more free stuff. WOW.

Next. We’re going to start burning down everyone’s houses to increase construction spending.

[Timocrat]

Brought to you by the Nancy Pelosi school of economics ( More unemployment payments are good for the economy ) Meanwhile productivity continues to tank.

[SoFloFreeper]

I thought material from “The Onion” was forbidden here.

[VRW Conspirator]

Whose economy?

[Intolerant in NJ]

Well that’s an interesting twist to put on a story about an administration priority which was supposed to decrease healthcare - Newspeak lives....

[SoFloFreeper]

Wow, Bob Bryan scribbles this crap as “journalism”?

Did he also assert that in the 1970s under Carter “Gas Prices have been good for the economy?” Or was Bob even breathing then?

What passes for journalism today is spew-inducing.

[AFreeBird]

AOL. America’s Outrageous Liars. Nuff said.