The president said he wanted to increase healthcare options for Americans to experience Obamacare relief even after Senate Republicans failed to deliver on their promise to repeal and replace Obamacare.
This will cost the United States government virtually nothing and will provide people great, great health care, Trump said.
The order will expand access to association health plans by small businesses, expand the length of short-term health plans, and expand health reimbursement accounts for small businesses.
The cost of Obamacare has been so outrageous that it has destroyed everything in its wake,Trump said.
Sen. Rand Paul praised the action as the biggest free-market reform of health care in a generation, adding that it was a move towards allowing Americans to purchase health care across state lines.
When you can get Rand Paul on your side, it has to be positive! Trump said, responding to the Kentucky senator.
Rep. Virginia Foxx of North Carolina and Rep. Greg Walden of Oregon also attended the event, as well as several small businesses and franchise owners.
Today is only the beginning, Trump said. In the coming months, we plan to take new measures to provide our people with even more relief and more freedom.
The cost to the taxpayer? ZERO! As opposed to the trillion-dollar, fake replacements we voted on, this replacement simply legalizes choice.
Ive been working with President Trump and his Cabinet for months to get this done.
How will it work? Well, nationwide associations like the National Restaurant Association will be allowed to form groups across state lines and, with the leverage of size, demand Big Insurance bring down their outrageous premiums.
Many of the 28 million people left behind by Obamacare who still dont have insurance work low-wage jobs in our fast food restaurants. The Presidents decision today will allow workers from two million restaurants to come together to form a buying group and through sheer size get cheaper and better insurance.
Millions of people will be eligible for the same group insurance that big corporations offer. In fact, Health Associations may grow to be larger than the largest of our corporations. Currently, about half of private insurance is cross-state, self-insured ERISA plans, and most employees love them. The Presidents action today will allow the millions of people in the individual market an escape route to group insurance.
Association Health Plans will be among the biggest free-market reforms of health care in a generation, and it will do more to counter the impact of Obamacare than most of the repeal bills did, because it will actually go after regulations that the legislation didnt touch due to Senate rules.
Existing law allows the President to legalize these new groups and plans. Where previous administrations have been weak, President Trump is bold to allow this reform.
All group insurance guarantees access regardless of pre-existing conditions. But what is great about cross-state Health Associations is that they will be exempt from some Obamacare and State regulations. This exemption from regulations is why cross-state group insurance has seen the lowest rise in premiums of any health insurance available.
The regulators, and hand-wringers, will worry that Health Associations will lead to the least common denominator and simply high-deductible, bare-bones policy. The opposite might occur. We do know that the large group, cross-state ERISA plans out there currently run the gamut and, in fact, often are the most desirable plans available.
Million-person Health Associations will have enormous leverage to get better prices for consumers thats exactly why Big Insurance opposes them.
Most of the fake replacements offered dont fix the individual market; they simply keep in place Obamacares subsidies for the individual market. My hope is that cross-state Health Associations will allow so many people to flee the individual market that subsidies will no longer be necessary.
It will take 6 months to a year to begin seeing the benefits of Health Associations. I want to thank President Trump for taking this bold step forward.
As Health Associations form, the death spiral of Obamacare will continue. While we should and will keep fighting for repeal through Congress, Im excited to have worked with President Trump on a free market reform that can begin to fix many of the problems Obamacare created.
Congress may have failed to act but President Trump and I havent. Weve been working on this behind the scenes.
So what does that mean for you, the healthcare consumer? Well, first of all, it means millions of people who now go it alone or in very small groups will join together and make the CONSUMER THE KING, with increased bargaining power and better prices.
You will be able to choose among better and cheaper insurance that works for you something Obamacare made illegal. You will be able to buy across state lines, opening up competition for the best plans. Many Obamacare regulations will be waived for those in these groups, including costly mandates on what the plans must cover.
Best of all, this isnt a government mandate. It isnt a subsidy. It isnt a tax. Rather, it is the removal of government regulation and barriers to the best possible health care for millions of people.
As a career physician, I know Obamacare is broken and must be repealed. I will keep fighting for this. But I also know health care was broken before Obamacare, and we should take every opportunity to fix what we can.
Thats what President Trump is doing this week, and Im proud to have worked with him on this important health care reform.