Obamacare is so screwed up and so expensive, and its especially bad for people who dont get subsidies. This gives them an alternative, said Robert Laszewski, president of the Health Policy and Strategy Associates, a consulting firm specializing in assisting insurance companies and other clients through health policy changes.
The pending executive order is Trumps latest attempt to follow through on his campaign pledge to get rid of his predecessors landmark bill. Last week, the president signed an order that stopped requiring many employers to offer birth-control coverage, saying it would protect Americans religious freedom.
Associations likely wouldnt be required to sell to people with pre-existing health conditions and wouldnt be required to offer 10 essential benefits set forth by Obamacare, Brookings Institute analyst Matt Fiedler said Monday. These benefits include pregnancy and newborn care, hospitalization, mental health and substance-abuse services and rehabilitation.
Fiedler said the damage to the individual insurance market would be quite significant because healthier people would seek cheaper coverage through associations, driving up premiums in the Obamacare market.