The Bureau of Economic Analysis has released the second estimate of second quarter Gross Domestic Product (GDP). There is good news – especially for those of us concerned with health policy.
First, the BEA seems to have figured out how to measure health spending under Obamacare, no longer giving huge updates to initial estimates, like it did in the first quarter. The second estimate is little revised from the advanced estimate: Real GDP increased by 4.2 percent (annualized) versus an advanced estimate of 4.0 percent; and health spending accounted for just 0.05 percent of the increase, versus an advanced estimate of 0.08 percent.
Read the entire column at Forbes.com.