Healthcare spending EXPLODES by 10% in first quarter

[ShootSpeeders]

That's an annualized rate of 46% a year!!! Obama said obamacare would SAVE money but we now see it was another of his monstrous lies. This should be headline news but the democrat press has buried the story. Sterling's thought crimes are all they care about.

Obamacare Spending In GDP Report - Business Insider

APR. 30, 2014, 10:12 AM 9,049 57

Spending on health care grew an astounding 9.9% in the Bureau of Economic Analysis' advance estimate of first-quarter GDP.

It's the biggest percent change in health-care spending since 1980, when health-care spending jumped 10% in the third quarter. Analysts said it's primarily due to a consumption boost from the implementation of the Affordable Care Act. Adjusted for inflation, America is spending more on health care than ever before.

Personal consumption grew by 3.0%, about half of which was due to the growth in health-care spending, said Ian Shepherdson, chief economist for Pantheon Macroeconomics.

"If health-care spending had been unchanged, the headline GDP growth number would have been -1.0%," Shepherdson said.

 

[TemplarKormac]

That means Obamacare is a failure. Well, so much for bending the cost curve. This speaks more to people bending their wallets, than stuffing them.

 

[LogikAndReazon]

This wouldnt have happened if we had universal single payer clinic care....

Healthcare, its a "right".......lol

 

[ShootSpeeders]

This wouldnt have happened if we had universal single payer clinic care....

Healthcare, its a "right".......lol

Universal single payer would double healthcare costs overnight. EVeryone would run to a doctor for every little problem and they wouldn't shop around for the best price. THINK

BTW - all federal involvement in health care is obviously unconstitutional.

 

[CrusaderFrank]

GreenBeard!!!!!!!!!!!!!!!!

Where are you??

 

[Lovebears65]

as much money they spent on the website alone they could have given each and everyone over 2 million dollars to put in a medical spending account. Would have solved a lot of our problems wouldn't it

 

[JakeStarkey]

And the same critters turn out spouting nonsense.

Neither SS nor the rest of the usual suspects understand what the info mean.

Let's see if they can figure it out before they get busted.

 

[Star]

This wouldnt have happened if we had universal single payer clinic care....

Healthcare, its a "right".......lol

I'm surprised that you of all people recognize the advantages of single-payer but-----but let me be the first to give you a shout out - thanks, maybe there's still hope for you.

Whoda thunk-----whoda thunk more people with health insurance would mean an increase in utilization?


Medical Spending Surges With Health Law Sign-Ups : Roll Call News

By Adriel Bettelheim
Roll Call Staff
April 30, 2014

<snip>

“The sharp increase in estimated utilization appears to have been driven by greater use of health care services by people who gained insurance coverage during the first quarter because of the Affordable Care Act ... this increase in utilization is neither a surprise, nor a cause for concern,” Furman wrote in a blog post. “Furthermore, any upward pressure on health care spending growth from expanding insurance coverage will cease once coverage stabilizes at its new, higher level, so it does not affect the longer-term outlook for spending growth.”

Furman added consumers are being helped by slow growth in health care prices, which are partly attributed to changes brought by the health law (PL 111-148, 111-152).

“Slower growth in health care prices drives slower growth in families’ out-of-pocket costs and insurance premiums and has been an important contributor to the overall slow growth in health care spending seen over the last few years,” Furman wrote.
.

 

[ShootSpeeders]

as much money they spent on the website alone they could have given each and everyone over 2 million dollars to put in a medical spending account. Would have solved a lot of our problems wouldn't it

Hey einstein. 600 million divided by 300 million is 2.

 

[ShootSpeeders]

And the same critters turn out spouting nonsense.

Neither SS nor the rest of the usual suspects understand what the info mean.

Let's see if they can figure it out before they get busted.

HAHAHA. The board notes you didn't say a damn thing. If there's something wrong with our analysis, tell us.


Even you know obozocare is a colossal failure.

 

[Indeependent]

That's an annualized rate of 46% a year!!! Obama said obamacare would SAVE money but we now see it was another of his monstrous lies. This should be headline news but the democrat press has buried the story. Sterling's thought crimes are all they care about.

Obamacare Spending In GDP Report - Business Insider

APR. 30, 2014, 10:12 AM 9,049 57

Spending on health care grew an astounding 9.9% in the Bureau of Economic Analysis' advance estimate of first-quarter GDP.

It's the biggest percent change in health-care spending since 1980, when health-care spending jumped 10% in the third quarter. Analysts said it's primarily due to a consumption boost from the implementation of the Affordable Care Act. Adjusted for inflation, America is spending more on health care than ever before.

Personal consumption grew by 3.0%, about half of which was due to the growth in health-care spending, said Ian Shepherdson, chief economist for Pantheon Macroeconomics.

"If health-care spending had been unchanged, the headline GDP growth number would have been -1.0%," Shepherdson said.

Did you bother to read the ENTIRE article?
Why am I asking a question to which the obvious answer is, "No.".

 

[ShootSpeeders]

[

Did you bother to read the ENTIRE article?
Why am I asking a question to which the obvious answer is, "No.".

HAHAHA. Another poster that criticizes without saying anything.

 

[KissMy]

Hospital cost fell & physician cost rose. This could be a surge in preventive care lowering Expensive Emergency Room Visits mandated by President Reagan signing EMTALA into law in the 1980's that made hospital & insurance rates soar every since. If cost don't start falling in a year, this law will be a train-wreck.