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. I can already hear the haters out there getting ready to question this analysis with all their might. “What does Goldman Sachs know about the economy?” “Didn’t they almost take the economy down with their shady dealings?” Goldman may , to quote Matt Taibbi, be a pack of ‘vampire squids’ but, when it comes to analysis of the economy, a reasonable person struggles to conclude they don’t know what they are talking about. Sooner or later, folks, you are going to have to come around to acknowledging that those who latched onto an anti-Obamacare narrative—either for personal and political gain or because they just don’t get it—have been selling you a whole lot of snake oil. To be sure, improvements need to be made in the law. This has always been the case with substantive legislation.But the narrative that the ACA would mean everything from the death of the U.S. economy to the death of grandma at the hands of the death panels, is failing dramatically —and failing far faster than I had imagined would be the case.Americans who have invested so deeply in hating Obamacare will not be quick to give up the ghost. But it is becoming increasingly clear that these folks are on the wrong side of history.
Posted on: Fri, 16 May 2014 18:59:45 +0000
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