President Trump has delivered a one-two punch to Obamacare this week which should effectively gut Obama’s flagship accomplishment.
In his first move, he ordered agencies to begin deregulating the healthcare industry to make health plans more affordable.
The linchpin in that is the authorization of interstate insurance pools, which will both create more options for consumers and competition and thus lower prices.
The second and bolder move was to cancel payments to insurance companies as a subsidy for carrying Obamacare policies.
Since it was an unconstitutional executive order in the first place, with the ‘stroke of a pen’ it was just as easily undone.
Now that, folks, is change you can believe in. And naturally liberals are beside themselves with rage, which is the surest sign of success.
Here’s more from Redstate…
On Thursday night, the Trump administration announced that it will no longer make cost-sharing reduction payments (CSRs), meant to help individuals with low to moderate income purchase Obamacare.
Trump had considered nixing the CSRs in the past, but was first going to let a lawsuit against the previous administration over the illegality of CSR’s play out a bit more first. The lawsuit claimed that since the CSRs were never voted in my congress, and funds were never appropriated for the task, that the CSRs were illegal.
Trump stopped payment to the CSRs earlier on Thursday — effective immediately — after he signed an executive order allowing people to come together and purchase insurance as a group across state lines. The payments are said to be worth some $7 billion according to ABC News.
“The bailout of insurance companies through these unlawful payments is yet another example of how the previous administration abused taxpayer dollars and skirted the law to prop up a broken system,” said the White House in a statement. “Congress needs to repeal and replace the disastrous Obamacare law and provide real relief to the American people.”