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mfcorey1

(11,001 posts)
Sun Dec 11, 2016, 07:14 PM Dec 2016

So far, Obamacare isn't hurting the economy or killing jobs

NEW YORK (CNNMoney) - Donald Trump and Republican leaders are fond of blaming Obamacare for many of America's economic woes.

"The first thing we have to do is pry the enormous weight of Obamacare off the national economy," Vice President-elect Mike Pence said on ABC News on Sunday. "It's all going to begin right out of the gate by repealing this disastrous policy that's been killing jobs."
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"We have to bring relief to Obamacare as quickly as possible so that it stops doing damage not just to the healthcare system but to the families of Americans who need affordable health insurance," House Speaker Paul Ryan told reporters on Thursday.

But is Obamacare really so bad for the economy and jobs? There's scant evidence for it.

Since Obamacare was passed in 2010, the economy has been growing. Here are some key stats:

--More than 15 million jobs have been added through November, according to the Bureau of Labor Statistics.

--Nearly 3 million fewer people are stuck working part-time because they can't find full time-jobs, BLS data shows.

--Median annual household income is up $3,000, as of 2015 -- although wage growth only recently picked up, according to U.S. Census Bureau and BLS data.

--The share of uninsured Americans plummeted to 8.9% for the first six months of 2016, according to the National Health Interview Survey.

http://www.local10.com/news/so-far-obamacare-isnt-hurting-the-economy-or-killing-jobs

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