Despite promising they will be repealing and replacing the Affordable Care Act or Obamacare, Republicans in the Congress have failed to support Trump's promise to introduce a new healthcare act for the country.
He is expected to sign an executive order Thursday to permit small businesses or individuals to join forces and purchase health insurance plans sold across state lines, the Washington Examiner reported.
"Congress needs to follow through on the promises they have made over the past nine years to eradicate Obamacare and redirect taxpayer money from Planned Parenthood to federally qualified health centers, which see more patients and provide a greater range of health care than Planned Parenthood ever has or will be able to do-all without forcing taxpayers to fund abortion", Nance said. It is unlikely consumers could sign up for these plans during the 2018 open enrollment period, which begins November 1.
Trump promised on Tuesday morning to sign an executive order giving healthcare to "many". While Trump cannot end Obamacare with an executive order per se, he could potentially heavily destabilize the Obamacare marketplace and possibly re-introduce many health care coverage and cost issues that abounded pre-Obamacare. Club for Growth President David McIntosh said expanding association health plans was among six ideas he presented to Trump for changing the ACA administratively at a meeting of conservative leaders at the White House in March.More news: Stock Brushing a Recent High: Preferred Apartment Communities, Inc. (NYSE:APTS)
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"There's a general belief that at every turn the federal government is going to create regulations to hurt rather than help the markets", said Craig Garthwaite, director of the healthcare program at Northwestern University's Kellogg School of Management, referring to the Trump administration.
He said people would be able to buy plans from "many, many competitors", which he implied would drive down prices. Republican Senator Rand Paul advocated for this solution when the discussions for the replacement of the Obamacare was discussed.
Trump, who has called the law a failure and vowed to let it "implode", has undermined Obamacare through regulatory and administrative actions. Gutting Obamacare was a top Trump campaign promise. They need review and approval by Congress and need to be signed by Trump to be enforceable under USA law. Insurers have cited that uncertainty in exiting insurance markets or hiking premiums.