Obamacare puts a floor under U.S. economy in first quarter

Your Health Matters

Murillo reads a leaflet at a health insurance enrollment event in Cudahy, CaliforniaHealthcare spending increased at its fastest pace in more than three decades. That surge is attributed to the implementation of President Barack Obama's signature healthcare law, the Affordable Care Act, also known as Obamacare. "GDP growth would have … been negative were it not for healthcare spending," said Harm Bandholz, chief economist at UniCredit Research in New York. Healthcare spending increased at a 9.9 percent annual rate, the quickest since the third quarter of 1980, and it contributed 1.1 percentage points to GDP growth.

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