President Trump is doing what Congress would not do for the American people. The Executive Order, which was signed today around 11:15 am EST was a bill that was brought to the table during Obama’s administration and was never passed. Since Obamacare is failing, it is reported by Fox that in 2018 30% of the users will have no options left due to the providers leaving the program. Obamacare is dying. Gasping it’s last breaths.
President Trump will sign an executive order that will essentially deregulate the industry so that health insurance may be sold and purchased across State lines. This will cause lower and more competitive pricing and is a welcomed win for FREE MARKET CAPITALISM. This order will effectively end Obamacare.
Since Congress can't get its act together on HealthCare, I will be using the power of the pen to give great HealthCare to many people – FAST
— Donald J. Trump (@realDonaldTrump) October 10, 2017
Senator Rand Paul is a supporter of the EO and will be in attendance for the signing:
— Senator Rand Paul (@RandPaul) October 10, 2017
To watch President Trump sign the Executive Order see the video below:
Main Points of Executive Order:
- The executive order will allow insurance groups to band together to offer plans across State lines called Association Health Plans.
- Consumers will be able to purchase health insurance at lowered rates and will be able to choose what they want covered.
- Tax-advantaged accounts known as health reimbursement accounts will be instituted to help pay for their premiums.
- Allows deregulation of the insurance market.
(Feature photo courtesy of google search)
Are you a believer in the free market – and the basic laws of supply and demand? Drop a line below and let us know!