Republicans Proven Wrong About Obamacare as The ACA Boosts Personal Income and Spending

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Republicans have been proven completely wrong as the ACA helped both personal income and spending increase in January.

The Rupert Murdoch owned Wall Street Journal delivered the bad news to the GOP:

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.

Republicans have spent years screaming from the highest peaks of Bulls–t Mountain that the ACA was going to kill jobs, drive healthcare costs up, and trash the economy. It turns out that the exact opposite is true.

What’s happening here is a matter of common sense. Millions of Americans are spending less on healthcare. People have more money to spend on other things. The ACA’s refundable tax credits are giving people billions of dollars back into their own pockets. The $19.2 billion in expanded Medicaid coverage is helping some people who paid for their own insurance or who were uninsured and paid for healthcare services out of pocket.

The fact that Obamacare is boosting the economy adds even more urgency to the Republican desire to get rid of it. The Republican mission is to stagnate all economic growth while Barack Obama is president. If his signature health insurance law is boosting the economy, it must be destroyed.

Reality is going to stop Republicans from campaigning hard against the ACA in both the 2014 and 2016 elections. The GOP is going to keep trying to destroy something that is not only helping millions of people get access to healthcare, but is also boosting the national economy.

Republicans were utterly, fantastically, completely wrong about the ACA, and as the law takes full effect, the news is only going to get worse for the Republican Party.

19 Replies to “Republicans Proven Wrong About Obamacare as The ACA Boosts Personal Income and Spending”

  1. First, let me say, I think that the ACA is awesome and is helping so many people to finally have affordable insurance.

    Now, if they would only fix the ‘Family Glitch’. This must be fixed! Income-wise, I would qualify for the subsidies on the exchange. Unfortunately, my employer offers ‘affordable’ INDIVIDUAL coverage (less than 9.5% of household income). The problem is, I am single mother with 3 children that I need to have on my insurance. Since my employer offers ‘affordable’ INDIVIDUAL coverage, nobody in my household is eligible for the subsidies on the exchange. If we were eligible, I could cover my whole family for less than $1,000 a year. Instead, I have to pay $550 a month. Refinancing my house is going to be the only way that I can afford insurance for my family for another year. I hope and pray that they fix this before next year.

  2. that’s the catch does the individual “affordable” healthcare your employer offer give you the same that the ACA gives….? If not then it is not “AFFORDABLE” problem is the employer is getting a break by offering their version of whats “AFFORDABLE” and they (the employer) will not give up their share of the pie or incentives to go to the ACA. The problem is not a “Family Glitch” with the ACA… the problem is the so called AFFORDABLE healthcare coverage that your employer is offering… which I would not doubt is a niche that was created so the old healthcare system can hold on…. It just does not make sense… there is no way in the world paying 550 per month is less than 1k per year… unless my math is just jacked up.. You should make a formal inquiry to the ACA… and find out if the so called glitch can get front page attention….

  3. No catch, your employer gives you health insurance its almost always cheaper then buying it yourself. The ACA refers to people without insurance who will pay much less then they would have without the ACA.

    For instance for me BCBS wanted $1100 a month before ACA. Now I get it for $223 with my income level.

  4. How do you know it’s cheaper? Did you calculate forgone wages in exchange for the benefit? Employer health care benefits always come at the expense of the total compensation package. In other words you pay either way.

  5. The Republicans have been dead wrong about the ACA at every single step, from its inception through its being voted law, through its implementation, and now its positive effects. When any Republican knuckledragger wants to campaign by badmouthing the ACA, his or her Democratic opponent needs to counter with these positive developments and also by putting the Republican on the spot with demands of what alternative plan he or she has.

  6. The Republican Party and its career politicians, its media pundits, and its strategists, are dead wrong on far more than just the PPACA. Being dead wrong appears to be in their genetic make-up.

  7. Do you have to get the insurance through your job? What state do you live in? Can you get the family plan on your own with your household? See if you can get your children insured through the exchange. Check all avenues.

  8. It’s great to hear that the ACA is not only helping people get coverage but improving the economy. For those that are having trouble identifying their health care costs or finding plans, visit SterlingHealthWorks.com.

  9. Michelle: Individual coverage is more expensive then group. I’m not sure about your State laws, but it is not mandatory that you take employer preferred insurance if you can find better coverage and for a lower price. I would shop around if I were you, and talk to your employer about dropping your insurance. (Unless he’s footing the total healthcare cost)

  10. You could petition your employer to give you a “voucher” for the amount they’re paying for your health insurance.

    Then you could take that to the Exchanges, where Obamacare insures that families are covered…

    It goes something like ‘with two parents, the first child is free, second child is 1/2 rate’… but don’t quote me.

    Then you’d get the subsidy.

    Smaller employers may end up going this way; if they don’t qualify for a good “group” insurance plan, it may make more sense to go with Vouchers as a Plan B.

    It’s a little disturbing your employer’s plan doesn’t cover kids AT ALL.

  11. Please tell me more about how to petition my employer for a voucher! I have not heard of this option at all. My employer serves 4 counties, so they are not a ‘small business’. Would ‘this’ option still work? They do not pay a penny towards insurance except for the individual employee.

    I have asked them not to offer me coverage, explaining the situation, but they said it was not an option.

    Any information would be greatly appreciated!

  12. If an employer offers ‘affordable’ (less than 9.5% of household income)individual coverage, than nobody in the family is eligible for the subsidy through the exchange.

    It is very frustrating!

  13. So far, I have not been able to find family coverage that would be less (especially since I am not taxed on the income that goes towards the premiums).

    Since the individual insurance available through my employer is less than 9.5% of my household income, nobody in my household is eligible to receive the subsidy.

  14. I am indeed grateful that the ACA is providing affordable insurance for so many that did not have it before. I am just frustrated that if my family was eligible for the subsidies (based on my income), it would be less than $1,000 a year for coverage. Since we are not eligible for the subsidies, I am having to continue paying a premium that I cannot afford or have my children go without insurance. I make less than $28,000 a year. I barely net $1000 a month after my premiums are deducted from my check.

    It really needs to be fixed, especially for people under 250% of FPL.

  15. I asked my employer about not offering me insurance before our open enrollment(our open enrollment was in November). I was told that it was not possible since the individual coverage the offered to employees would be less than 9.5%.

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