Commerce: O-Care boosts personal income, consumer spending

The Affordable Care Act contributed to a rise in personal income and consumer spending in January, according to a report released Monday by the Department of Commerce.


The report found that personal income rose .3 percent in January, after remaining flat in December. The bulk of the increase came from $19.2 billion in expanded Medicaid benefits, and $14.7 billion in ObamaCare-related tax credits and premium subsidies.

The healthcare law also contributed to the .4 percent rise in consumer spending for January. Increased demand for healthcare services led to an additional $29 billion in spending for the month, the Bureau of Economic Analysis found.

The report is based on preliminary data provided by the government and ObamaCare exchanges.