The Affordable Care Act, President Barack Barack Obama’s signature health law, is already boosting household income and spending.Of course it's helping consumers. It was designed to. Which also means it will help the economy when those consumers have a little bit more personal income to spend out in the marketplace. It will help insurance companies who will have more customers, many of whom won't ever require big payouts. That's one of the reason this model of health insurance reform was proposed first by conservatives!
The Commerce Department reported Monday that consumer spending rose a better-than-expected 0.4% and personal incomes climbed 0.3% in January. The new health-care law accounted for a big chunk of the increase on both fronts.
On the incomes side, the law’s expanded coverage boosted Medicaid benefits by an estimated $19.2 billion, according to Commerce’s Bureau of Economic Analysis. The ACA also offered several refundable tax credits, including health insurance premium subsidies, which added up to $14.7 billion.
Kudos to the WSJ for noticing, but don't expect anyone on the right to acknowledge that this story exists.