Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
October 31, 2014

Obamacare Boosts Personal Income and Spending

The Wall Street Journal reports that a “big chunk” of January’s increase in consumer spending (0.4%) and personal income (0.3%) can be attributed to Obamacare.

“On the incomes side, the law’s expanded coverage boosted Medicaid benefits by an estimated $19.2 billion, according to Commerce’s Bureau of Economic Analysis. The ACA also offered several refundable tax credits, including health insurance premium subsidies, which added up to $14.7 billion.”

“Taken together, the Obamacare provisions are responsible for about three-quarters of January’s overall rise in Americans’ incomes.”

“On the spending side, the BEA is assuming Obamacare is responsible for a $29 billion increase in health-care services.”

  • Old_Texan

    LOL!!!!

    • LeftThePubsDuetaPalin

      Nice comeback, Potsie. Chock full o’ facts!

  • Jeffrey Fiess

    It has put more people on Medicare and that is considered a success? What a joke.

    • stasis

      “A $29 billion increase in health-care services” is what, 29 days of the Iraq war? And that money will literally save thousands of American lives. Tending to Amercans’ health is not an un-American thing to do – ignoring it is.

    • http://mediajunkie.com/ xian

      So you don’t know the difference between Medicare and Medicaid but you feel proud enough of your ignorance to post a comment on a wonk blog? What a hoot!

  • mayorquimby9

    Hey, why dont we just increase unemployment benefits 100% and call the subsequent increase in consumer spending ga success too?! Who said libies and economics were like oil and water? Oh right! Me!

  • Paul Mejia.

    Everyone with a little brain knows the tea terrorist party invented all this terrified story against president Obama,in my case I used to pay 45 dollars a week the insurance I had send a letter the premium going up,we talk to the company owner they started looking for choices and found Aetna better service bigger doctor network and the price DROPPED I pay $0 a week ,now emblem health is calling and sending letter if we want them back No way…. So the story of tea terrorist is just a fantasy and hate against Obama.

  • Paul Mejia.

    The states who complained about Obama care are governed by corrupted Republicans they refused states locally the federal aid for insurance (Obama care) And this southern ignorance they believe is Obama’s fault but is not is the corrupted Republican blocking everything Obama does right. Just get informed and don’t believe what this Republicans terrorist lies.

    • xpatYankeeCurmudgeon

      Yo, Mr. Word Salad – – –
      All anyone here can understand from your post is that you are another product of our Donk-destroyed public schools:

      “The states who complained about Obama care are governed by corrupted Republicans they refused states locally the federal aid for insurance (Obama care) And this southern ignorance they believe is Obama’s fault but is not is the corrupted Republican blocking everything Obama does right.”

      • Paul Mejia.

        Where did you get that info fox???? That’s why Republicans are talking advantage of the southern ignorance please read if you don’t have internet go to the libraries is free Mr super ignorant in fell sorry for you.

  • xpatYankeeCurmudgeon

    In time for our sixth Summer of Recovery!

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