Healthcare Data Skewed
On Thursday the Personal Income and Outlays Report came out also known as the spending report and just like yesterday`s GDP downward revision the Healthcare component is playing havoc with the overall numbers, and it is pretty obvious due to the newly enacted Affordable Care Act also known as Obamacare.
Just throw out any comparisons or expectations regarding any government data for the foreseeable future because Obamacare is going to skew all the historical comparisons as it effects the calculations that go into the Healthcare component of any government report. Â The data in the calculation of Healthcare has changed, and from here to eternity the Healthcare component is going to massively under-report healthcare spending, just throw any previous assumptions out the window regarding Healthcare spending.
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Many Data Points Show Healthcare Costs Continue to Rise
The government now has another measure which under-reports inflation by accounting chicanery.  We all know actual healthcare costs continue to rise, and only 7 million actually signed up for Obamacare, and far less are properly qualified and using the system, but yeah Healthcare costs went down despite data in other reports of a non-governmental nature that point to the contrary! This just tops the cake, and at this point all government data is losing more credibility by the hour, just try to read between the lines and get the big picture, because the actual data points are so unreliable and flawed.
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Real PCE Price Index Over 2%
PCE Price Index — Y/Y change came in at 1.8 %; the real number is probably above 2% if the Healthcare component was properly calculated and conducted, basically any proper comparison has to strip out the healthcare component for an apples to apples real comparison. Way to go Obama the entire team is working together from Janet Yellen at the Fed to bean counters at the Whitehouse reassuring the American people that there is no real inflation in the economy! Yet every American experiences inflation in almost every category that is above the government calculated numbers!
