ObamaCare cost expectation drops 7%

[King]

ACA has been very successful by what measure? An overwhelming majority of the increase in coverage was caused by employment rebound, which is not closely related to any Obama policy.

By the measure that having an individual and employee mandate for healthcare was predicted by Very Serious Economists to destroy full time work but, instead, an employment rebound happened.

The very fact that we can have a law that mandates insurance, that prevents denial of insurance, that expands risk pools and still have a growing economy proves it to be worthwhile.

[King]

Stop running in circles.  Ignoring the spike in between, the insured rate among adults fell from 14.6 in pre-crash 2008 to 13.4 in 2015. Either more people have jobs than 7 years ago or more people have health insurance than 7 years ago. Either way, you're going to have to say this bill has done something positive to something. You can't have it both ways

[King]

I can have it both ways. It's called Medicare. You stop working, and then you sap healthcare from everyone else. Amusingly, this makes Americans die sooner than other developed nations at much higher costs than anywhere else on earth. But let's not fix anything

We've been through the data numerous times. The Obamacare contribution is 1%-1.5%. That's the transformative outcome of these fines, forms, and mandates. 1% of the population has signed up. .

Ah yes. The retiring baby boomers who are affecting the insurance rate while simultaneously having nothing to do with labor force participation rate falling. Your most favorite doublespeak.

And, of course, 1-1.5% of the US population is a "small" number, as opposed to when labor force participation, or debt as a % of GDP, or tax receipts as a % of GDP changes by a "large" number like .1%.

Classic, AD. Simply classic.

[King]

If the definition of terms you use are going to change from post to post, I suggest you start using footnotes, AD.

[King]

Meanwhile, unemployment rate rises as discouraged and detached workers try to regain employment.

Gee, who could have known this was coming?

Or college students who graduated in December moved into the labor force to seek employment in January.

[King]

Meanwhile, unemployment rate rises as discouraged and detached workers try to regain employment.

Gee, who could have known this was coming?

Or college students who graduated in December moved into the labor force to seek employment in January.

Seasonal adjustment would have corrected for any impact of that.

The unadjusted rate was stagnant from Dec to Jan, so the creation came in seasonal adjustment.

The only unadjusted increase in LFP from Dec to Jan came from people who said they have Bachelor degrees. That's a wide range of people, but to me it suggests graduates moving in more than discouraged workers.

[King]

Some college/Associate Degree identified people also spiked up .4 from Dec to Jan.  It all says, students, students, students to me.