Trump knocks Obama’s ‘healthcare’ down another two pegs. That’s two cuts in under a week! Democrats are going to lose it over this one.
Trump announced Tuesday that he would be trimming the fat off of the costly site navigation system. The system helps individuals navigate the Obamacare insurance marketplace. This new cut saves taxpayers roughly 80% of its previous costs. Centers for Medicare and Medicaid Service administrators grumbled at the measly $10 million the program will receive in the fall of 2018 compared to the $199 million it got back in 2016.
This news came just three days after the Trump administration announced that it was temporarily suspending the Obamacare insurers risk adjustment payments. The government paid around $10 billion in this sector alone back in 2017.
As you can imagine insurance companies are speaking out against the administration’s new price cuts. Calling them a critical blow during a time when they’re working on 2019 plans.
Over the course of his first 18 months in office, the president has slowly targeted Obamacare with a series of moves intended to undermine the system and disrupt the marketplace.
The president has rolled back funding for a program intended to help individuals navigate the insurance marketplace, Obamacare’s navigator program, signed an executive order to allow for groups to purchase insurance across state lines, stopped federal funding for Obamacare subsidies, pushed for consumer access to more affordable short-term, limited duration health insurance plans, cut Obamacare’s open enrollment period in half and its advertising budget 90 percent.
Trump made repealing and replacing Obamacare a key part of his successful bid for the presidency in 2016, but he has, thus far, been unable to materialize that goal.
The House was able to pass a version of Obamacare repeal in May 2017, but the Senate was unable to get anything accomplished, failing a handful of times to find consensus on some version of repeal and replace, or even repeal.
Senate Majority Leader Mitch McConnell has made it clear he is ready to move on from the issue, but he has said he would entertain a proposal that was guaranteed to get enough votes to pass.