Trump signs executive order giving Americans relief from Obamacare fees and taxes

Health insurance costs rose dramatically under Obama
Health insurance costs rose dramatically under Obama (click for larger image)

The Washington Free Beacon reports.

Excerpt:

On his first day in office, President Trump signed an executive order that would relieve the economic burden that Obamacare has caused, fulfilling a promise he made on the campaign trail.

[…]Trump promised Americans that on day one of taking office, he would ask Congress to immediately deliver a full repeal of the Affordable Care Act.

“Since March of 2010, the American people have had to suffer under the incredible economic burden of the Affordable Care Act—Obamacare,” Trump said. “As it appears Obamacare is certain to collapse of its own weight, the damage done by the Democrats and President Obama, and abetted by the Supreme Court, will be difficult to repair unless the next president and a Republican congress lead the effort to bring much-needed free market reforms to the healthcare industry.”

“It is not enough to simply repeal this terrible legislation,” Trump said. “We will work with Congress to make sure we have a series of reforms ready for implementation that follow free market principles and that will restore economic freedom and certainty to everyone in this country.”

Since Trump’s economic policy draws on the experts at the conservative Heritage Foundation, we can expect that the alternative to Obamacare will be one based on a system that is proven to be successful. Switzerland has a health care system that has universal coverage, yet is fully privatized. It costs little, and delivers a lot of health care. Their system works, unlike socialist health care systems in the UK and Canada – which Obama was trying to emulate.

House Republicans say:

“Our goal is a truly patient-centered system, which means more options to choose from, lower costs, and greater control over your coverage,” said Speaker of the House Paul Ryan (R., Wis.). “And as we work to get there, we will make sure there is a stable transition period so that people don’t have the rug pulled out from under them.”

The nominee to lead the Department of Health and Human Services Rep. Tom Price (R., Ga.) echoed that sentiment, saying at his confirmation hearing that it is imperative that individuals have health coverage and have greater choices and opportunities to get the coverage they need.

“I think there’s been a lot of talk about individuals losing health care coverage—that is not our goal, nor is it our desire, nor is it our plan,” Price said.

The Daily Signal has more details on the relief provided to poor Americans in his executive order. It directs Trump’s subordinates to:

[…]exercise all authority and discretion available to them to waive, defer, grant exemptions from, or delay the implementation of any provision or requirement of the Act that would impose a fiscal burden on any State or a cost, fee, tax, penalty, or regulatory burden on individuals, families, healthcare providers, health insurers, patients, recipients of healthcare services, purchasers of health insurance, or makers of medical devices, products, or medications.

The Daily Signal also comments:

As to the substance, the new president’s clear directive is for his appointees to focus on minimizing the damaging effects of the law. That constitutes a sharp change in direction from the one taken by the Obama administration.

The implementation approach taken by the Obama administration was essentially to try to increase subsidized enrollment heedless of any resulting costs or disruptions to either the public or private sectors. This executive order signals that the Trump administration’s first order of business for Obamacare will instead be to minimize those costs and disruptions.

Some numbers from CNBC:

For many Obamacare customers this year, they’ll be paying more for less.

A new report on Obamacare plans details how plan premiums, deductibles and other out-of-pocket insurance costs have grown sharply even as the size of networks of health providers covered by those plans are shrinking in 2017.

The report from the Avalere consultancy also details how the number of insurers selling Obamacare plans have also shrunk, decreasing competition in the individual health plan market.

Last year, just 4 percent of all regions of the United States had only one participating insurer on Obamacare exchange, according to Avalere’s analysis. This year, 36 percent of all regions in the U.S. will have only one participating health insurer on an Obamacare exchanges.

Avalere’s report also found that in 2017, just 31 percent of all exchange-sold plans are “preferred provider organizations” or “point of service” plans, down from 52 percent of all plans in 2014, the first year of Obamacare coverage

PPOs generally have a wider networks of doctors and hospitals covered by the plan, and cover more out-of-network services than do other types of plans, including health maintenance organizations.

I have a friend who is a Democrat. For every month of the last 6 years, I have been presenting him with the numbers on Obamacare showing the negative impact on small businesses and poor Americans. He makes 6 figures as a software engineer, and knows literally nothing about economics. I have even told him stories about some of my friends who are poorer who struggled with the financial burdens caused by the law. His response was stunning: “what does this matter to you, you have health care through your employer”. That’s how Democrats think. As long as they are OK, who cares about the poor. The important thing for them is that government run everything and make all the decisions, because ordinary people cannot be trusted with freedom.

You can read more about the disaster of Obamacare here in a report by the Heritage Foundation.

2 thoughts on “Trump signs executive order giving Americans relief from Obamacare fees and taxes”

  1. I wonder how this will affect me. I barely work part time, but I refused to bow to Obamacare. I am terrified of the coming fine. I am still paying off last year’s.

    The worst part? I had Bible believing Christians trying to pressure me into having Obamacare.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s