‘Only the Beginning’: Trump Signs Executive Order to Loosen Obamacare Grip by Charlie Spiering 12 Oct 2017
President Donald Trump announced executive changes to Obamacare on Thursday, signing an executive order to open up the health insurance market.
The president said he wanted to increase healthcare options for Americans to experience Obamacare relief — even after Senate Republicans failed to deliver on their promise to repeal and replace Obamacare.
“This will cost the United States government virtually nothing and will provide people great, great health care,” Trump said.
The order will expand access to association health plans by small businesses, expand the length of short-term health plans, and expand health reimbursement accounts for small businesses.
“The cost of Obamacare has been so outrageous that it has destroyed everything in its wake,” Trump said.
Sen. Rand Paul praised the action as “the biggest free-market reform of health care in a generation,” adding that it was a move towards allowing Americans to purchase health care across state lines.
“When you can get Rand Paul on your side, it has to be positive!” Trump said, responding to the Kentucky senator.
Rep. Virginia Foxx of North Carolina and Rep. Greg Walden of Oregon also attended the event, as well as several small businesses and franchise owners.
“Today is only the beginning,” Trump said. “In the coming months, we plan to take new measures to provide our people with even more relief and more freedom.”
Millions of people will be eligible for the same group insurance that big corporations offer. In fact, Health Associations may grow to be larger than the largest of our corporations. Currently, about half of private insurance is cross-state, self-insured ERISA plans, and most employees love them. The President’s action today will allow the millions of people in the individual market an escape route to group insurance.
Association Health Plans will be among the biggest free-market reforms of health care in a generation, and it will do more to counter the impact of Obamacare than most of the repeal bills did, because it will actually go after regulations that the legislation didn’t touch due to Senate rules.
Existing law allows the President to legalize these new groups and plans. Where previous administrations have been weak, President Trump is bold to allow this reform.
All group insurance guarantees access regardless of pre-existing conditions. But what is great about cross-state Health Associations is that they will be exempt from some Obamacare and State regulations. This exemption from regulations is why cross-state group insurance has seen the lowest rise in premiums of any health insurance available.