So what exactly did the Obamacare rollout do to cause such a rise? - TopicsExpress



          

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 payroll taxes shooting up across the board. Overall, that tax hike resulted in an $700 per worker tax increase on average, according to the Tax Policy Center. Whos killing the economy again?
Posted on: Wed, 05 Mar 2014 00:59:21 +0000

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