Quote:
Originally Posted by jms62
A new dawn. Day 1 of Trumpcare.. You now own it Donald. Can't wait for my premiums to come down.
|
Trump's executive order will have no immediate impact on health insurance. Current regulations give some large trade associations the ability to buy group policies that are exempt from some OCare rules. And some short-term policies (temporary policies for up to 90 days) are also exempt.
The order directs federal agencies to develop new rules that will expand the availability of both types of plans to more people. Realistically, such rules will not be written and implemented until some time next year, and insurance under the new rules will not be available until 2019. And no one knows what those rules will say.
Depending on what the new rules look like, the likely result is that some people will be able to buy new, cheaper policies, and that the new policies will draw a lot of young and healthy people out of OCare, resulting in higher rates for those still on those plans. All of which will increase pressure on politicians to "fix" OCare, which they will all promise to do during the 2020 election campaign.
And, as The Donald proclaimed upon signing, "people will have great, great health care.”
