Obamacare was one of the worst policies former President Barack Obama ever put into place.
Not only did it force millions of Americans to purchase low-quality insurance at a high rate, but it also caused many to lose their benefits and have to resort to lower healthcare standards.
But now, President Trump is instituting new change that will devastate Obama’s insurance care plan.
The Trump administration announced earlier this week that it will temporarily freeze billions of dollars of payments into Obamacare-related accounts.
These specific payments were being made to help healthcare places insure higher-risk patients —which spewed controversy from the healthcare industry, and even some patients.
Although this may affect some individuals care plans directly; ultimately, it will save Americans money in the long run.
The federal government typically provides Obamacare era insurance companies billions of dollars so that the companies feel comfortable insuring high-risk patients.
The government paid out over $10 billion dollars of this in 2017 alone.
The Centers for Medicare and Medicaid spoke out about the controversial act that occurred this weekend, and were outraged:
“We were disappointed by the court’s recent ruling,” CMS Administrator Seema Verma said in a statement. “As a result of this litigation, billions of dollars in risk adjustment payments and collections are now on hold. CMS has asked the court to reconsider its ruling, and hopes for a prompt resolution that allows CMS to prevent more adverse impacts on Americans who receive their insurance in the individual and small group markets.”
Many insurance companies are also speaking out against the change in funding, calling it a “low-blow”:
“We are very discouraged by the new market disruption brought about by the decision to freeze risk adjustment payments. This decision comes at a critical time when insurance providers are developing premiums for 2019 and states are reviewing rates,” trade group America’s Health Insurance Plans (AHIP) said in a statement Saturday. “We encourage the Administration to reevaluate its decision and work with all stakeholders to make health care more affordable for all Americans…”
“This action will significantly increase 2019 premiums for millions of individuals and small business owners and could result in far fewer health plan choices,” Blue Cross Blue Shield Association President and CEO Scott Serota said in a statement. “It will undermine Americans’ access to affordable coverage, particularly those who need medical care the most.”
This focus on ending Obamacare is not a new phase in the Trump presidency.
Trump’s initial campaigning began with a promise to end Obamacare and restore freedom of healthcare choices to the American people.
Now, over a year into his presidency, Trump has pushed for the end of the insurance deal, and has crippled the plan in the process.
Do you believe Obamacare was helpful to the American people in any way?
Or did Obamacare only cause chaos and issues for people who had already had insurance or who cannot afford it?
Leave us your thoughts in the comments section below.