Posts Tagged ‘graph

07
Feb
15

Uninsured Rate Falls Again. Thanks, ObamaCare

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Dylan Scott: This Chart: Uninsured Rate Drops Under Obamacare

The percentage of uninsured Americans has fallen from 13.9 percent to 10.2 percent since Obamacare coverage took effect, according to new data from the Urban Institute. The difference is even more pronounced in states that expanded Medicaid under the law. In those states, the uninsured rate dropped from 12.6 percent to 8.4 percent from the second quarter of 2013 to the third quarter of 2014.

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Michael Karpman: QuickTake: Uninsurance Rate Down 25 Percent For Working Adults And 31 Percent For Low-Income Workers Since September 2013

Recent HRMS data show an estimated 10.6 million adults ages 18 to 64 gained coverage between September 2013, just before the first open enrollment period for the ACA’s health insurance Marketplaces, and September 2014, just before the second open enrollment period (Long et al. 2014). Between September 2013 and September 2014, the uninsurance rate fell 3.4 percentage points (95% CI [2.0, 4.9]; figure 1) for working nonelderly adults. The share of working nonelderly adults without insurance declined from an estimated 13.6 percent just before the first open enrollment period to 10.2 percent in September 2014, a 25.3 percent decline.

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12
Oct
14

Young Adults Love ObamaCare. GOP Ends Up With Egg On Face

So Sue Me

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Jeffrey Young: Conservatives Proven Utterly Wrong On Key Aspect Of Obamacare

Remember when Obamacare was a terrible deal for young adults, and how “young invincibles” didn’t even want health insurance? Conservative groups — acting, no doubt, out of deep concern for the well-being of the nation’s 20-somethings — even staged events where young people burned their “Obamacare cards” (there is no such thing). Instead, this is what happened:

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Not so scary, after all. That’s right: The share of the population between 19 and 25 years old without health insurance has fallen since the Affordable Care Act passed in 2010. That year, the uninsured rate for that group was more than 30 percent. By the end of this March, it had fallen to 21 percent, according to Centers for Disease Control and Prevention survey data presented in a report the White House Council of Economic Advisors released Wednesday. In fact, the uninsured rate fell more for young adults than any other age group from the end of 2013 to the close of the first quarter of this year, the CDC survey found. And that doesn’t even account for a surge in Obamacare enrollments at the end of March and early April, especially among younger people, for insurance coverage that didn’t kick in until April or May. Turns out, people under 30 also think having health insurance is a good idea.

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06
Oct
14

The American Economy Is Growing? You Can Thank President Obama

Obama GOP

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Bloomberg: Corporate U.S. Healthiest In Decades Under Obama With Lower Debt

Steve Wynn, founder of the Wynn Resorts Ltd. (WYNN) casino empire, once called President Barack Obama’s administration “the greatest wet blanket to business and progress and job creation in my lifetime.” Barry Sternlicht, chief executive officer of Starwood Property Trust Inc. (STWD), said Obamacare was driving down wage growth and “affecting spending and the desire to buy houses and everything else.” Corporate and economic statistics almost six years into his administration paint a different picture. Companies in the Standard & Poor’s 500 (SPX) Index are the healthiest in decades, with the lowest net debt to earnings ratio in at least 24 years, $3.59 trillion in cash and marketable securities, and record earnings per share. They are headed this year toward the fastest average monthly job creation since 1999, manufacturing is recovering and the U.S. has returned as an engine for global growth. The recovery, which stands in contrast to weak growth in Europe and Asia, has underpinned an almost threefold gain in the Standard & Poor’s 500 Index since March 2009.

“The U.S. is leading the way — we’re the only major economy with accelerating growth,” said Mark Zandi, chief economist in West Chester, Pennsylvania, for Moody’s Analytics Inc. and a registered Democrat who has advised both the Obama administration and Senator John McCain, a Republican. “Obama deserves some credit for that, but he probably won’t get it.” Barring any major disruptions, the economy is setting up for Obama to leave office on a high note, said Douglas Brinkley, a presidential historian and professor at Rice University in Houston. “History will eventually show that Obama inherited the Great Recession and resuscitated the economy,” Brinkley said in an interview. One example is General Motors Co. (GM), which last week regained its investment-grade debt rating from Standard & Poor’s only five years after the government-backed bankruptcy. Obama’s $49.5 billion bailout of the automaker in exchange for taxpayers owning 61 percent of the company kept it from being liquidated, an outcome that could have crippled parts suppliers and economies throughout most of 50 states, not just the Midwest. In the broader economy, consumers are buying again and homebuilding is increasing. The unemployment rate has declined to 6.1 percent, the lowest since 2008. The economy expanded at a 4.6 percent annualized rate in April through June. Obama’s 2010 health-care program will hold down consumer prices for years to come as millions of Americans obtain coverage, BNP Paribas SA and Credit Suisse Group AG said. The “Medicare cost miracle” resulted at least in part from Obama’s Patient Protection and Affordable Care Act, Nobel-Prize winning economist Paul Krugman wrote in a Sept. 1 New York times article.

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9.26.14

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Steve Benen: Economic Growth Improves To Eight-Year High

The preliminary figures on second-quarter GDP looked good; the revised tally looked better; and the final report looks even better still. The U.S. economy grew at a 4.6% annual pace in the second quarter, matching the best performance since the recession ended in mid-2009. The increase in real gross domestic product was revised up from 4.2%, mainly because of higher exports and business investment, the Commerce Department said Friday. Americans also spent more on health care, but the gain was offset by lower spending on other services. Economists polled by MarketWatch had predicted GDP would be revised up to a seasonally adjusted 4.7%. Consumer spending, the main source of economic activity, was unchanged at 2.5% growth. The biggest gains came in business investment, a good sign for the economy in the months ahead. To provide some additional context, 4.6% growth is tied for the best quarter since the start of the Great Recession.

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01
Aug
14

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