A President who does not understand the difference between the stock market and the national debt is now pretending to understand how to make health insurance better… by signing an executive order to allow individuals and small business to buy crap insurance that bypasses state regulation:
Under the president’s order, association health plans will be able to avoid many ACA rules, including the law’s benefits requirements, limits on consumers’ yearly and lifetime costs, and ban on charging more to customers who have been sick. Critics warn that young and healthy people who use relatively little insurance will gravitate to those plans because of their lower price tags, leaving older and sicker customers concentrated in ACA marketplaces with spiking rates.
“It would be different pools under different rules,” said one senior health policy source who spoke on the condition of anonymity since the order was not yet public.
On Thursday, the Society of Actuaries similarly criticized the order, saying in a statement: “Healthier consumers will likely be able to enroll in plans with lower insurance rates, while more medically complex consumers may be subject to significant rate increases. Further, there will likely be an increase in solvency risk for association health plans, contributing to market instability” [Amy Goldstein, “Trump Signs Order to Eliminate ACA Insurance Rules, Undermine Marketplaces,” Washington Post, 2017.10.12].
Trump has no data showing his plan will work. He probably can’t even recite the details of what he just signed, let alone explain the real policy impacts. He’s just continuing his vendetta against Barack Obama.
We need to stop Donald Trump’s destructive joyride through the effective domestic and foreign policies established by past administrations. If cowardly Republicans in Washington continue to shy away from putting an end to Trump’s threat to liberty, peace, and prosperity, we will need to elect Democrats and other people of intelligence and conscience to every available office, from Senate and U.S. House on down to state legislature and dog catcher, to curb the President’s power and start putting back together whatever pieces Trump is strewing about in his scorched-earth campaign against history.