Wednesday, March 5, 2014

Obamacare Boosting Income and Spending; Losing Traction as a Campaign Issue?


You read it first on the... Wall Street Journal web site (snicker):
The Affordable Care Act, President Barack Barack Obama’s signature health law, is already boosting household income and spending. 
The Commerce Department reported Monday that consumer spending rose a better-than-expected 0.4% and personal incomes climbed 0.3% in January. The new health-care law accounted for a big chunk of the increase on both fronts. 
On the incomes side, the law’s expanded coverage boosted Medicaid benefits by an estimated $19.2 billion, according to Commerce’s Bureau of Economic Analysis. The ACA also offered several refundable tax credits, including health insurance premium subsidies, which added up to $14.7 billion. 
Taken together, the Obamacare provisions are responsible for about three-quarters of January’s overall rise in Americans’ incomes. (our emphasis)
Oh, also from the Wall Street Journal web site (snicker):
Support for candidates who voted for the health-care law has improved dramatically in recent months, a Washington Post/ABC News poll released Tuesday shows. 
The survey found respondents almost exactly split on the question of whether they would be more or less likely to vote for a congressional candidate who supports the Affordable Care Act, with 34% saying they would be more likely to vote for the candidate and 36% saying they would be less likely to do so. Some 27% said it would not make a difference. 
That’s a significant jump in support levels from November—a month after the troubled launch of HealthCare.gov, the federal insurance exchange that serves 36 states—when just 21% said a candidate’s support for the law would make them more likely to vote for them, compared to 37% who said it would make them less likely to do so. A much larger percentage—40%—were indifferent.  (our emphasis) 
As enrollment increases, benefits accrue and Obamacare horror stories continue to be exposed as phony, could we expect Republicans and the plutocrat Koch brothers' Americans for Plutocrat Prosperity to start looking for another trumped up, base-riling issue?  It depends on how deeply deranged they are, and we think we know the answer to that.

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