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Keyword: obamanomicsrinocare

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  • Obamacare puts a floor under U.S. economy in first quarter

    04/30/2014 8:49:25 PM PDT · by Oldeconomybuyer · 25 replies
    Reuters ^ | April 30, 2014 | BY LUCIA MUTIKANI
    As the U.S. economy teetered on the brink of contraction in the first quarter, one thing stood out. Healthcare spending increased at its fastest pace in more than three decades. That surge is attributed to the implementation of President Barack Obama's signature healthcare law, known as Obamacare. Because of Obamacare, the nation narrowly avoided its first decline in output in three years. "GDP growth would have ... been negative were it not for healthcare spending," said Harm Bandholz, chief economist at UniCredit Research in New York. Healthcare spending increased at a 9.9 percent annual rate, the quickest since the third...