CLOCK IS TICKING ON OBAMACARE REPLACEMENT
President Trump promised to quickly repeal and replace The Patient Protection and Affordable Care Act (AKA ‘Obamacare’). His first executive order sought to weaken its enforcement, a move which Judge Andrew Napolitano called “the most revolutionary act I’ve seen in 45 years.”
The new Secretary of Health and Human Services, Rep. Tom Price, has been sworn in. His job is to facilitate the transition if it ever takes place.
Bernie Sanders and Ted Cruz debated Obamacare in front of a national audience. Rather than defend the program, Senator Sanders used rising premiums as an excuse to scrap the insurance model altogether in favor of a single-payer system (i.e. 'Medicare for All').
Now all eyes are on Congress.
Sen. Rand Paul introduced the Obamacare Replacement Act in late January and it has since gained traction. In line with Trump and opposed by some of his colleagues, Paul felt that no repeal should happen without a ready replacement.
Paul’s version is the second of two replacement bills introduced to the 115th Congress to date. The first one, called The Patient Freedom Act, was co-authored by Senators Bill Cassidy and Susan Collins.
Of the two versions, Paul’s bill repeals more of President Obama’s embattled health insurance law and, according to Paul, will put “[Americans] back in charge of their own health care expenses.”
THE PAUL PLAN
Highlights from The Obamacare Replacement Act (S. 222) include:
Eliminate Mandates
Restore Pre-Existing Condition Coverage to Pre-Obamacare Level
Equalize Tax Treatment of Health Insurance
Expand Health Savings Accounts
Allow Independent and Small Business Health Pools
Encourage Interstate Competition
Charity Care Deduction for Physicians
NEXT STEPS
Paul's plan now has support from the House Freedom Caucus and Rep. Mark Sanford. Some members are considering a complimentary House version to move forward.
Democrats trying to salvage Obamacare maintain that while premiums have skyrocketed since the law took effect in 2014, the price was worth it to cover 20 million additional Americans. Former President Obama says that his signature law needs some minor tweaks, but it would be disastrous to scrap the whole thing.
Popular sentiment among conservatives and libertarians is that policymakers should move faster on the Obamacare repeal.
Also, as McClatchyDC reports, insurance carriers are getting impatient waiting on a replacement plan and they need answers by March to adjust policies for 2018.
Rand Paul was the only GOP Senator to vote against the recent budget proposal that included mechanisms to repeal Obamacare. Paul, a known deficit hawk, explained that the measure would add $9 trillion to the federal debt over 10 years.
Despite Paul's objections, the budget vote passed the Senate by a vote of 51-48.
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