Obamacare Just Made Americans Richer Without Anyone Noticing

[Xtort]

I don't even know where to begin....

 

http://www.huffingtonpost.com/2014/03/04/obamacare-january-bea_n_4892267.html?ncid=fcbklnkushpmg00000063

 

Glenn Beck once said Obamacare would mean "the end of prosperity in America forever." But so far, it turns out President Obama's 2010 health law is actually putting money in Americans' wallets.

To be exact, President Obama's 2010 health law was responsible for about three-quarters of a surprising January rise in U.S. consumer spending and American income growth, according to calculations by the Wall Street Journal.

While not exceptional, the gains were significant: a 0.4 percent rise in consumer spending ($45.2 billion) and a 0.3 percent rise in personal incomes (up $43.9 billion), according to new figures released by the Bureau of Economic Analysis. The growth came in spite of the expiration of unemployment benefits for the long-term unemployed and all that horrible winter weather.

So what exactly did the Obamacare rollout do to cause such a rise? For one, it expanded the Medicaid program, a critical and highly controversial aspect of the law, by adding up to a $19 billion in benefits in January. On top of that, health care enrollees additionally received another near $15 billion in the form of tax credits as a result of the rollout, according to the BEA.

Together the two changes have freed up many Americans to spend money that would have gone towards health care premiums on goods and services instead.

The benefits of the Obamacare rollout thus far also appear to throw cold water on the idea that the law will hamper the economy -- especially when considering last January. Back then, both consumer spending and personal incomes had their worst month in years and fell by several percentage points after the battle in Congress over the so-called "fiscal cliff" ended with recession-era payroll tax cuts not being extended.

Overall, that tax hike resulted in a $700 per worker tax increase on average, according to the Tax Policy Center. Who's killing the economy again?

[dsayers]

so far, it turns out President Obama's 2010 health law is actually putting money in Americans' wallets.

 

There's so much wrong with the idea that the article is trying to say here alone.

 

"I'm not taking pie from you, I'm giving pie to me." -Penn Gillette, Bullshit!

[Kevin Beal]

I feel content just taking this guy at his word. No further research necessary!

[Brock H]

I don't even know where to begin....

 

http://www.huffingtonpost.com/2014/03/04/obamacare-january-bea_n_4892267.html?ncid=fcbklnkushpmg00000063

 

Glenn Beck once said Obamacare would mean "the end of prosperity in America forever." But so far, it turns out President Obama's 2010 health law is actually putting money in Americans' wallets.

To be exact, President Obama's 2010 health law was responsible for about three-quarters of a surprising January rise in U.S. consumer spending and American income growth, according to calculations by the Wall Street Journal.

While not exceptional, the gains were significant: a 0.4 percent rise in consumer spending ($45.2 billion) and a 0.3 percent rise in personal incomes (up $43.9 billion), according to new figures released by the Bureau of Economic Analysis. The growth came in spite of the expiration of unemployment benefits for the long-term unemployed and all that horrible winter weather.

So what exactly did the Obamacare rollout do to cause such a rise? For one, it expanded the Medicaid program, a critical and highly controversial aspect of the law, by adding up to a $19 billion in benefits in January. On top of that, health care enrollees additionally received another near $15 billion in the form of tax credits as a result of the rollout, according to the BEA.

Together the two changes have freed up many Americans to spend money that would have gone towards health care premiums on goods and services instead.

The benefits of the Obamacare rollout thus far also appear to throw cold water on the idea that the law will hamper the economy -- especially when considering last January. Back then, both consumer spending and personal incomes had their worst month in years and fell by several percentage points after the battle in Congress over the so-called "fiscal cliff" ended with recession-era payroll tax cuts not being extended.

Overall, that tax hike resulted in a $700 per worker tax increase on average, according to the Tax Policy Center. Who's killing the economy again?

 

Did I miss something, is the state no longer immoral?

 

If not then how is this topic relevant as it is just propaganda.

[masonman]

Thats how government programs work: they make things worse, but point the TV cameras at all this stuff. Look, you can't see what people didn't buy, you can't see people made poorer by this thing because it's not always direct. Yeah, they aren't paying premiums, but that money still has to come from somewhere, and it comes through deficit financing and taxation.

 

How would you measure the people fired or not hired because paying for their healthcare would be too expensive? Employers don't have to submit that kind of data. Nobody knows. We just know its happening.

 

 

How is "$19 billion in benefits" a positive? Was that money thrown down upon earth by God? No, that money was simply "moved," quite threateningly.

[Kevin Beal]

Did I miss something, is the state no longer immoral?

 

If not then how is this topic relevant as it is just propaganda.

The title of the thread is the title of the article, not necessarily the views of the OP.

[Wuzzums]

The title alone detonates the whole reasoning. If they didn't notice they were richer, it means that money has an insignificant impact on their lives. And if it has an insignificant change on their lives, how is obamacare better than the previous system?

 

It's like saying: "Thanks to the carbon tax snowflakes crystallize much prettier than before AND YOU DIDN'T EVEN NOTICE, YOU UNGRATEFUL PARASITE."

[Xtort]

There's a response to this on lew rockwell already:

 

http://www.lewrockwell.com/lrc-blog/has-obamacare-enriched-americans/

[domehouse]

I don't even know where to begin....

 

http://www.huffingtonpost.com/2014/03/04/obamacare-january-bea_n_4892267.html?ncid=fcbklnkushpmg00000063

 

Glenn Beck once said Obamacare would mean "the end of prosperity in America forever." But so far, it turns out President Obama's 2010 health law is actually putting money in Americans' wallets.

To be exact, President Obama's 2010 health law was responsible for about three-quarters of a surprising January rise in U.S. consumer spending and American income growth, according to calculations by the Wall Street Journal.

While not exceptional, the gains were significant: a 0.4 percent rise in consumer spending ($45.2 billion) and a 0.3 percent rise in personal incomes (up $43.9 billion), according to new figures released by the Bureau of Economic Analysis. The growth came in spite of the expiration of unemployment benefits for the long-term unemployed and all that horrible winter weather.

So what exactly did the Obamacare rollout do to cause such a rise? For one, it expanded the Medicaid program, a critical and highly controversial aspect of the law, by adding up to a $19 billion in benefits in January. On top of that, health care enrollees additionally received another near $15 billion in the form of tax credits as a result of the rollout, according to the BEA.

Together the two changes have freed up many Americans to spend money that would have gone towards health care premiums on goods and services instead.

The benefits of the Obamacare rollout thus far also appear to throw cold water on the idea that the law will hamper the economy -- especially when considering last January. Back then, both consumer spending and personal incomes had their worst month in years and fell by several percentage points after the battle in Congress over the so-called "fiscal cliff" ended with recession-era payroll tax cuts not being extended.

Overall, that tax hike resulted in a $700 per worker tax increase on average, according to the Tax Policy Center. Who's killing the economy again?

 

 

Lol no wonder people voted for Obama if they beleive unicorn essays like that.

Next we can raise min wage to 100,000 an hour and we all rich right?

[LovePrevails]

[DrTruthiness]

The real impact, rather than the desired feelings, of the Affordable Care Act will hinge on how heavily the tax penalties impact individuals who opt out *while* Baby Boomers begin to actually use the ACA in droves as they begin to retire.  

Bragging about how great the ACA is before it's even in full effect is like Dick Cheney bragging about iraq being a "slam dunk" before there are even boots on the ground.  

[st434u]

More spending doesn't equal a higher standard of living. Also, true inflation is much higher than 0.4%, for the past 7 years it's hovered between 5 and 20%, while the State claims it's been between 2 and 0%.

 

More taxes means more wealth going to the State, and less wealth in the hands of those who earned it.

 

Also, Obamacare made it so hundreds of thousands of people are being fired every month from their full-time jobs, and instead having to get two part-time jobs, so that they don't qualify for Obamacare, but have to spend more time travelling from one job to the next. This has the added benefit of reducing the State's unemployment figures report, as if you have 200,000 people who get fired from a full-time job, and 400,000 people who get hired for part-time jobs, the State reports that as a total gain of 200,000 jobs, with the consequent drop in unemployment. It's all been designed to cook the numbers.

[AccuTron]

So the sicker we get, the better off we are?