General Discussion
In reply to the discussion: The Money People Will Save From ACA Will That Be A Stimulant..... [View all]global1
(26,507 posts)and the slowing of the rate of increase of healthcare in this country. I thought I was clear that I'm talking about an individual that was previously paying (for example) $500.00 a month for health insurance and because of ACA found a new plan that will decrease that monthly outlay of cash to (let's say for example) by half or $250.00 a month for the new plan.
They now have $250.00 more a month of extra cash that they don't need to use for health insurance. Multiply that by the millions of people that could be saving that much or more because of ACA - that to me means a lot more disposable income that people now have that they can spend for items that they may have been depriving themselves of because of the cost of their health insurance.
Will that newfound money be a stimulant to the economy?
I was thinking that it would be and that this was one of the reasons that the Repugs were trying to sandbag ACA. If the economy is stimulated - even in a small way - wouldn't that be a feather in the President's hat that the Repugs don't want to acknowledge?
That is where I was going with my OP as opposed to talking about healthcare costs on the macro level.