Trump’s Transition From Obamacare Implosion
On Monday, President Trump said he plans to make a “smooth transition” from Obamacare to a GOP health care plan. Beyond his initial statement, Trump also hopes Democrats will work with Republicans to repeal these health care laws.
The President said, “I’m asking Secretary Price to work with you to stabilize the insurance markets and to ensure a smooth transition to the new plan. The new plan will be a great plan for the patients, for the people, and hopefully for the companies.”
In addition, Trump also believes the costs will go down.
Trump Hopes To Work With Democrats
In order for these things to happen, Trump needs to the Democrats on board. “We are going to hopefully work with the Democrats because ultimately we’re all people that love this country and we want to do the right thing,” he said.
For the President, doing the right thing means working on reforms such as the expanded health-care savings accounts. As part of Trump’s campaign, this included allowing the purchase of health insurance across the state line.
Trump only touched on the idea, but he plans to follow up in a future meeting.
Unbalanced Risk Pools And Collapse
The President met with various health insurance CEOs who have been distancing themselves from the Affordable Care Act’s struggles. One example, Humana, has left the Obamacare insurance market entirely due to customer “unbalanced risk pools.”
Another CEO for Aetna, Mark Bertolini, said that Obamacare exchanges are currently within a “death spiral,” causing the program to collapse. “The market is disastrous,” concluded Trump. “It’s going to absolutely implode.”
“That logic shows just how much the risk pool is deteriorating in the ACA and how poorly structured the funding mechanism and premium model is,” said Bertolini. “I think you will see a lot more withdrawals this year of plans.”
Do you think Trump’s plan will be able to fix Obama’s mess?