Medicaid enrollment in the United States dropped for the first time in over ten years in recent weeks; signaling a booming economy under President Trump and the GOP-controlled Congress.
According to Fox Business, more and more Americans are returning to the work force; meaning fewer citizens meet the eligibility requirements to obtain the government-funded healthcare plan.
“The Kaiser Family Foundation reported on Thursday that growth in Medicaid enrollment for fiscal year 2018 declined 0.6 percent, the first time it has fallen since 2007. The program is designed to provide coverage to Americans with limited financial resources,” writes Fox.
The strong data comes as the US unemployment rate fell to the lowest levels in 50 years; hovering at 3.7%.
As of summer 2018, approximately 73 million Americans were enrolled in Medicaid -totaling $557 billion in costs.
Read the full report at Fox Business.
GREAT AGAIN: 83% of US Business Executives Say ECONOMY is BOOMING
A stunning new poll released this week shows the US economy continues to soar under President Trump and the GOP-controlled Congress, with the vast majority of businesses executives saying the nation is “doing better” than it was two years ago.
The survey published by Zogby Analytics shows a whopping 83% of America’s business executives see the country as “better today than it was two years ago” compared to just 11% who said it was worse.
“An overwhelming majority (83 percent) of respondents said business is doing better compared to two years ago. Whether this sentiment is the result of actions put forth during the Obama presidency or Trump presidency is up for debate and will be divided along partisan lines, but at the moment there is momentum building in the U.S. economy,” said the poll.
“At the moment, the economy of the United States is humming, though there are many problems that lurk ahead, such as a recession, interest rate hikes, and an untoward amount of federal debt. But right now consumers are confident and the psychology of financial markets is one that has a positive outlook,” added the survey.
GREAT AGAIN: 230K+ Jobs in September, Possible 3% Unemployment in 2019
The United States economic recovery continued to soar under President Trump and the Republican-controlled Congress in September, with new data showing the “rip-roaring” job market gained 230,000 full-time positions.
According to CNBC, private payroll estimates rose by 230,000 last month; beating expectations that predicted 185,000 new jobs.
“Private companies added 230,000 more positions for the month, the best level since the 241,000 jobs added in February and well ahead of the 168,000 jobs added in August,” writes CNBC.
“This labor market is rip-roaring hot,” said a senior economist at Moody’s Analytics.
“If the current pace continues, Zandi said he expects the unemployment rate to fall near 3 percent over the next year. The headline jobless rate currently is at 3.9 percent,” adds the author.
The strong economic report raises serious concerns for Democrats just weeks ahead of the 2018 midterm elections. House Minority Leader Nancy Pelosi has repeatedly vowed to repeal the widely-popular ‘GOP Tax Scam’ should her party retake control of Congress this fall.
Read the full story at CNBC.