Friday, 15 December, 2017

Ramesh Ponnuru: Trump's Obamacare cure is worse than the disease

Barack Obama Barack Obama
Marlene Weaver | 12 October, 2017, 04:03

On Tuesday, US President Donald Trump said that he is likely to sign a measure that would allow people throughout the United States to purchase healthcare across states this week. People could use those plans for up to a year, compared to three months under current law.

"With Congress the way it is, I made a decision to take it upon myself, so we'll be announcing that soon as far as the signing's concerned, but it's largely worked out", he said.

"They will be able to buy across state lines". The association health plans, for instance, could be sold from a state with fewer benefit requirements.

It is unclear when these plans would become available.

An executive order just doesn't satisfy conservatives' enduring hunger for total elimination of the ACA, a task that appears impossible with the slim 52-48 GOP Senate majority. While there were some changes to Medicare under Obamacare, Trump's concerns about the individual exchanges have nothing to do with the program. The action could open Trump to legal challenges from Democratic state attorneys general, who have said they will sue Trump if he tries to destroy Obamacare. For one, Kissinger lives in NY, where Obamacare premiums increased 16.6% on the individual exchange a year ago. While Trump cannot end Obamacare with an executive order per se, he could potentially heavily destabilize the Obamacare marketplace and possibly re-introduce many health care coverage and cost issues that abounded pre-Obamacare.

Express Scripts Holding Company (NASDAQ:ESRX) Valuation According To Analysts
The stock of Express Scripts Holding Company (NASDAQ: ESRX ) earned "Outperform" rating by Leerink Swann on Monday, October 5. It dived, as 25 investors sold AGO shares while 106 reduced holdings. 1 funds opened positions while 4 raised stakes.

"There's a general belief that at every turn the federal government is going to create regulations to hurt rather than help the markets", said Craig Garthwaite, director of the healthcare program at Northwestern University's Kellogg School of Management, referring to the Trump administration.

"That's one thing I think conservatives are taking solace in right now - there are some great conservatives running in 2018", Pye said.

The order is being drafted, as President Trump expressed his willingness to work with Democrats on health care after Republicans were unable to approve legislation that would have repealed and replaced "Barack Obamacare". Gutting Obamacare was a top Trump campaign promise.

"Ha! Not even close", Heritage Action spokesman Dan Holler wrote in an email yesterday, after I'd asked whether the executive order eases pressure on Republicans in the House and Senate.

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