Friday, October 13, 2017

Trump, Paul Forge Alliance on ‘Biggest Free-Market Reform of Health Care in Generation’

Unable so far to achieve even a partial rollback of Obamacare from Congress, President Donald Trump signed an executive order Thursday that could make it easier for some consumers to buy insurance across state lines—potentially increasing competition.

“The competition will be staggering,” Trump said before signing the order. “Insurance companies will be fighting to get every single person signed up, and you will be hopefully negotiating, negotiating, negotiating, and you’ll get such low prices for such great care.”

“Should have been done a long time ago, and it could have been done a long time ago,” he said.

Trump’s executive order primarily does three things:
  • Allows more small businesses to form associations to buy insurance plans, with the goal of creating more competition and expanding options across state lines.\
  • Reviews establishment of “short-term limited duration insurance,” which would not be subject to Obamacare’s expensive and comprehensive coverage regulations.
  • Makes it easier for businesses to offer health reimbursement accounts, to allow more employees of small businesses to get coverage through work.
Sen. Rand Paul, R-Ky., who opposed the recent Graham-Cassidy measure in the Senate to roll back Obamacare, heralded the executive order during the White House ceremony.

“President Trump is doing what I believe is the biggest free-market reform of health care in a generation. This reform, if it works and goes as planned, will allow millions of people to...Read More HERE

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