June 30, 2014
Population Shifts and Those Employed, A Business Climate Ranking Misses GDP Growth and the Climate out West
Last week saw the release of revised (yet again) first quarter GDP numbers and, in case you missed it, the numbers were revised downward (again) to (2.9%). Don’t fret, according to official commentary, the weather was, once again, to blame. In addition to the weather being a primary culprit of this dismal result, the government also reported that health care expenditures didn’t reach levels anticipated and, as such, was a drag on GDP. Staying apolitical, two points to consider: first, wasn’t the ACA supposed to drive down costs and, second, has anyone else seen the medical insurance cost increases being passed on by the insurers? Our firm is lucky to be part of a group that has serious bargaining power (over 100,000 lives) and our average increase is just under 10%. I guess the good news is that we can anticipate some level of growth in GDP next year!
Please click here to read the rest of this week’s commentary: http://www.lumesis.com/commentary-blog/2014-commentary/6-30-2014-population-shifts-and-those-employed-a-business-climate-ranking-misses-gdp-growth-and-the-climate-out-west
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