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OVERNIGHT HEALTHCARE: Health spending drops despite O-Care sign-ups

Spending on healthcare actually decreased in the first three months of the year despite the flood of enrollments in ObamaCare, the Bureau of Economic Analysis reported on Wednesday. An earlier estimate of gross domestic product (GDP) found healthcare spending had actually increased by 10 percent in the first quarter, boosting overall growth. Some experts interpreted that figure as a sign that people were using their new coverage under ObamaCare. But the final GDP report paints a far different picture, finding healthcare spending decreased and subtracted 0.16 percent from economic growth as the economy shrank by 2.9 percent…Read More

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