Obamacare Good for the Economy?

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In one of the most ridiculous attempts at spin comes an article on AOL News which is titled Obamacare has been good for the economy. Are you ready for logic so twisted that it may make you puke? Well, here we go.

 

  • Aneta Markowska, an economist at Societe Generale, broke down just how consumers are spending their money that they have saved since the drop in oil prices. The largest increase in consumer spending since gas prices have dropped, according to Markowska, has been on healthcare.
  • “It began to accelerate in the first half of 2014 and has averaged at 5.2% since then. Importantly, this pickup in healthcare spending was not driven by higher costs; real spending in this category accelerated from 1.9% in 2010-2013 to 3.9% thereafter.”
  • This would indicate that Americans have been not only been spending more because of increased costs, but also intentionally allocating more of their wallet to the sector.
  • To match the increased spending, the healthcare sector’s labor market has also been booming.
  • This is just one piece of Obamacare’s impact, there are many other factors going into it and nominal spending on healthcare premiums are certainly worth considering, but according to Markowska, there is reason to believe the bill has been helpful to the US economy.

Are you kidding me?  People cannot afford this piece of crap legislation.  They are bleeding out just to pay the monthly premiums.  The deductibles are insane.  Hospitals and insurers are raking it in off the public’s back.  And this a good thing?  This is the warped perspective they come up with?

The media will try and make you believe anything but, as they say, you cannot polish a turd.

Douglas Farrago MD

Douglas Farrago MD is a full-time practicing family doc in Forest, Va. He started Forest Direct Primary Care where he takes no insurance and bills patients a monthly fee. He is board certified in the specialty of Family Practice. He is the inventor of a product called the Knee Saver which is currently in the Baseball Hall of Fame. The Knee Saver and its knock-offs are worn by many major league baseball catchers. He is also the inventor of the CryoHelmet used by athletes for head injuries as well as migraine sufferers. Dr. Farrago is the author of four books, two of which are the top two most popular DPC books. From 2001 – 2011, Dr. Farrago was the editor and creator of the Placebo Journal which ran for 10 full years. Described as the Mad Magazine for doctors, he and the Placebo Journal were featured in the Washington Post, US News and World Report, the AP, and the NY Times. Dr. Farrago is also the editor of the blog Authentic Medicine which was born out of concern about where the direction of healthcare is heading and the belief that the wrong people are in charge. This blog has been going daily for more than 15 years Article about Dr. Farrago in Doximity Email Dr. Farrago – [email protected] 

  6 comments for “Obamacare Good for the Economy?

  1. DrPhil
    May 19, 2016 at 9:07 am

    Yeah, bring on Trump-care….

  2. Pat
    May 17, 2016 at 6:13 pm

    After reading candidate Obama’s plan in mid-2008, through the entire ram-through, I wrote,called, screamed, and pleaded that this was a terrible plan. While not even aware of the gross payola corporatism around the corner, I knew costs would rise and access would be diminished. I begged medical colleagues, family, and even old friends who were senior military officers to see this garbage for what it was. The faith that doctors and so much of the public place in government is beyond depressing, and says nothing good about our future.

  3. Madelyn Sieraski
    May 17, 2016 at 1:35 pm

    Mythbusters did polish a turd – but what do you do with a polished turd anyway? Wouldn’t cost you anything but time. The supplies are free.

  4. Steve O'
    May 16, 2016 at 9:58 am

    I suspect that when one compares the poor recipients of healthcare vs. the bureaucrats, the coverage did not benefit the poor or the middle class, but flowed into the bureaucracy. Otherwise I’m spot on with the principle.
    If I saw the poor benefiting from this, I might be persuaded in a fit of wild-eyed liberalism to imagine that it’s not worthless. But that’s just the PR. I see the poor patient’s life being made worse.

    • Perry
      May 16, 2016 at 12:12 pm

      Really, everyone’s life being made worse, the poor are getting the worst of the worst.

  5. Thomas Guastavino
    May 16, 2016 at 7:01 am

    Whats amazing to me is that, once again, it was the working middle class that got screwed by the ACA. The “poor” got subsidized (again), the rich were not touched and people with pre-existing conditions got covered but at the price of massive tax subsidies and increases to middle class premiums.

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