Obamacare Boosts Personal Income And Spending

Wonk Wire reports on a Wall Street Journal story showing that Obamacare has resulted in more income (0.3%) and more spending (0.4%) according to January numbers.

“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.”

By: Alan

Alan Colmes is the publisher of Liberaland.