Showing Tag: "gdp" (Show all posts)

UPDATE: Layoffs continue in Missouri-near 1,000 layoffs in health sector since April 2013?

Posted by Timothy McBride on Friday, June 27, 2014, In : ACA 
In an earlier post, I laid out data I have been accumulating from press reports on job layoffs in the health care sector, mostly affecting hospitals and health systems.  Today (6/27), 60 more layoffs were announced in Springfield (MO) by Ozarks Community Hospital.  

Thus I am updating the table I presented earlier (attached here), which shows almost 1,000 jobs affected in Missouri 
(including layoffs, jobs eliminated that are vacant but will not be refilled, and jobs where hours will be reduced...
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Does the new GDP report pass the smell test?

Posted by Timothy McBride on Thursday, June 26, 2014, In : ACA 
After sleeping on it, I have to wonder whether the third revision of the 1st Quarter GDP report actually passes the smell test any more than the first one did.  When the first one came out -- and it said that health utilization grew by 9.9% at an annual rate (even when GDP was growing just 0.1%) many of us did not believe this passed the smell test.  We subsequently learned that the Commerce department did not have real use numbers to back this up, but it was based on projections.  And even i...
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Understanding what is driving the downward trends in GDP in 2014 and what is going on in the health sector

Posted by Timothy McBride on Wednesday, June 25, 2014, In : ACA 
Today the third revision of the first quarter GDP report was released and it shows a rather remarkable downward slide in the health care sector's share of GDP, according to the Commerce Department that counts this up.  As I discussed in my previous blog report and is shown here in a good post on the Council of Economic Advisors web site, the revision has overall health utilization down -1.4% (on an annual rate), prices up only a very slow 0.5% (on an annual rate), so overall health care fell ...
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Is the Health Care Cost Curve Being Bent? Third Revision of GDP

Posted by Timothy McBride on Wednesday, June 25, 2014, In : ACA 
As I discussed earlier, I did not believe the first report for the first quarter quarter of 2014 for GDP, which showed a whopping increase of 9.9% annual growth in health use, attributed all to the ACA (see my previous blog posts on that).  We later learned that this was all based on projections and not on any real data.  Most of my health economics friends expected this to be revised downward.

Well it has been, twice.  The third revision of the GDP was announced today (June 25, 2014), and it ...
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Health Spending, the GDP Report, An Update

Posted by Timothy McBride on Saturday, May 10, 2014, In : ACA 

Since the GDP report came out for First Quarter 2014 and there was much attention to this from many quarters, including in the press (see column by Los Angeles Times columnist Michael Hiltzik and column by Peter Orszag, to cite a couple examples).

In the last week or so, a couple more pieces have come out to weigh in on this.  For example:

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About Me


Timothy McBride Timothy D. McBride, Ph.D. is a Professor at the Brown School, Washington University in St. Louis. Here you can find musings on health policy and other issues. Opinions are my own, and not those of my employer. Contact: mcbridetd@gmail.com