ShootSpeeders
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- May 13, 2012
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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.