Barack Obama and his henchmen in the media were gloating after John McCain killed the Obamacare repeal bills.
They figured the crown jewel of Obama’s socialist agenda was safe.
But they never expected Donald Trump to pull off one of the most shocking moves of his Presidency.
Trump will sign an executive order that allows individuals to purchase insurance plans across states lines, as well as pool together to buy cheaper plans that aren’t burdened by Obamacare’s mandates and regulations.
Some experts believe this executive order is a death blow to Obamacare since more competition will lead individuals to flee the individual markets and purchase health care on their own.
“President Donald Trump is trying to do with the stroke of a pen what Republicans in Congress could not — bring about the end of the Obamacare markets.
Trump is expected to sign an executive order on Thursday directing an overhaul of major federal regulations that would encourage the rise of a raft of cheap, loosely regulated health insurance plans that don’t have to comply with certain Obamacare consumer protections and benefit rules. They’d attract younger and healthier people — leaving older and sicker ones in the Obamacare markets facing higher and higher costs.
It’s not yet clear how far the administration will go, or how quickly it can implement the president’s order. But if successful, the new rules could upend the way businesses and individuals buy coverage — lowering premiums for the healthiest Americans at the expense of key consumer protections and potentially tipping the Obamacare markets into a tailspin.”
Obamacare apologists are accusing Trump of sabotage.
Politico also reports:
“Within a year, this would kill the market,” said Karen Pollitz, a senior fellow at the Kaiser Family Foundation who previously worked at former President Barack Obama’s HHS Department.
The focus of the directive is association health plans, which allow small-business owners, trade groups and others to band together to purchase health insurance. Such plans would be exempt from certain Obamacare’s rules, including requirements that it cover standard benefits, such as prescription drug coverage. To make those changes, the administration is already working to reinterpret ERISA, a massive federal law that governs many workplace benefits, people familiar with the order said — opening the door to more expansive changes that could affect Obamacare plans more directly.
The administration is also preparing to roll back Obama-era restrictions on short-term health insurance plans, allowing insurers to once again sell stopgap policies which don’t cover pre-existing conditions, mental health services and many other costly benefits. Coverage could extend for as long as a year, up from a current three-month limit.
Those changes would spur the emergence of a deregulated health insurance system that competes for the same customers as the Obamacare markets, health policy experts said, creating a potentially destabilizing result: Young and healthy enrollees would flock to the skimpy but cheap plans sold by associations and short-term insurance specialists, leaving behind the nation’s sickest patients in the increasingly expensive and untenable Obamacare markets.”
But the complaints reveal the rickety foundation Obamacare was built upon.
Obamacare was sold on the premise of lowering costs.
The scam was that younger and healthier Americans were being sucked into a system that sold them more expensive plans in order to subsidize other Americans’ health care costs.
It was a gigantic transfer of wealth.
If opening up competition will kill the Obamacare markets, than it proves the law was a sham to begin with.
Congress has resisted Trump’s calls for repeal.
But Trump can chop the law to bits through regulatory changes, and he’s taken the first step with his new executive order.
We will keep you updated on any new developments in Trump’s fight to end Obamacare.