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CBO Says Obamacare Will Reduce Employment By 2.5 Million -- But Not For The Reason You Think


Stashed in: Economics!, Medical

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Obamacare will boost the economy in 2015 and 2016:

To recap…it turns out that the increased first quarter spending is benefiting the economy rather than serving as proof that Obamacare is damaging the economy as the anti-Obamcare forces have long sought to convince us would be the case.

How can this be true?

It’s really very simple.

Just because healthcare spending increased substantially in the first quarter does not mean that healthcare prices increased—a detail the GOP hopes you will miss. It simply means that more people were able to get the healthcare they were previously unable to afford; not that those of us who already had access to care had to pay more for that care.

Phillips sees the trend continuing, suggesting that the positive effects of Obamacare will boost the economy in 2015 and 2016.

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