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Friday, 13 October 2017 10:31

A self-fulfilling prophecy: President Trump may have just blown up Obamacare

Written by  Amber Phillips

After seven years of "talking" Repeal & Replace, the people of our great country are still being forced to live with imploding ObamaCare!

— Donald J. Trump (@realDonaldTrump) July 29, 2017

It's been up for debate whether Obamacare is failing, as President Trump and Republicans frequently claim. But a failing Obamacare could soon become an undisputed reality thanks to two major actions Trump took this week to undermine the law.

On Thursday, he signed an executive order that aimed to open up to more people short-term and less-regulated health plans that offer fewer benefits.

Most mainstream health care analysts said that would peel off healthy people from the individual health insurance markets that Obamacare set up, which could leave a higher volume of sick people on the markets, which could cause premiums to go up for people still in the markets, which could lead more people to bail out of the system.

It was his most damaging hit to Obamacare yet. Until late Thursday night, when Trump's White House announced he's basically pulling the nuclear option on Obamacare. He'll immediately stop issuing $7 billion in federal government payments to insurance companies. Insurers rely on these payments to make up for low-income people, who don't have to pay as much as the rest of the market for out-of-pocket expenses under Obamacare.

Read more at WashingtonPost

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