President Trump’s Healthcare Plan Expands Options

President Trump’s Healthcare Plan Expands Options

President Trump’s Healthcare Plan Expands Options

The Trump White House is finalizing an executive order that would expand health plans offered by associations to allow individuals to pool together and buy insurance outside their states, an Oval Office move that follows failed efforts by Congress to overhaul the healthcare system.

President Donald Trump says that selling insurance across state lines will trigger competition that brings down premiums for people buying their own policies.

President Trump was expected to sign the executive order next week.

Under the President’s executive action, membership groups could sponsor insurance plans that cost less because they would not have to offer the full menu of benefits required under the Affordable Care Act (ACA), aka “Barack Obamacare.”

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willingness to work with Democrats on health care after Republicans were unable to approve legislation that would have repealed and replaced “Barack Obamacare.”

It typically takes government agencies several months to carry out presidential directives, since they generally must follow a notice-and-comment process.

Sign-up season for individual health insurance starts on 1 November and ends on 15 December 2017.

Whether this executive order could impact the Y 2018 market is yet to be seen, since the health plans have created and priced their Y 2018 products already, and open enrollment begins in just 3 weeks.

Stay tuned.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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