Health law anniversary shows two Americas
Three years after the Affordable Care Act was signed, states diverge on expansion and outreach. In Democratic led states coverage enrollment begins Oct 1 with risk pools balancing sick and healthy. Republican led states resist Medicaid expansion, creating a patchwork system. Experts warn of differing outcomes as government may step in with federal market creation in non cooperating states.
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Quick look at the health care law
The health care law moves the U S toward universal coverage with subsidies, penalties for uninsured individuals and large employers, and state health exchanges. It expands Medicaid and requires most individuals to have insurance, with 30 million uninsured expected to gain coverage at an estimated cost of 1.3 trillion through 2023.
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Jobless claims at fresh five year low amid cooling layoffs
US weekly unemployment aid applications rose 2,000 to 336,000, while the four week average dipped to 339,750 the lowest since February 2008. The reports also show home sales near a multi year high and the Conference Board notes stronger February growth. Economists point to lasting improvement in labor market conditions.
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