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There are fewer people without health insurance since the Affordable Care Act took effect. Robert Pear, "Health Care Gains, But Income Remains Stagnant, the White House Reports" p. A22, col. 1 (New York Times Nat'l ed., Thursday, September 17, 2015).
Eager to support the concept that the national economy has "recovered," so-called "experts" are stumped by the continuing low numbers for median family income and by continuing high numbers of people who are actually unemployed (including in the headcount not only people who are still looking for a job, who are counted in the official unemployment statistics, but also people who have stopped looking for a job since about 2008, and who are not included in the official unemployment stats).
The reality of course is that health insurance is up and uninsured numbers are down because the Affordable Care Act spurred or enabled policyholders and insurance companies to get and issue health insurance coverage. There is nothing comparable to the ACA which would raise the average household income or lower the number of people in poverty.
The economy is too important to be left to the economists and politicians, you might say. At least it's too important to be left to the economists and politicians who have been in charge of the economy all this time.
Please Read The Disclaimer. ©2015 by Dennis J. Wall, author of "Litigation and Prevention of Insurer Bad Faith" (3d Edition, Thomson Reuters West, in 2 Volumes and 2015 Supplements). All rights reserved.
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