Economy

Dotard endorses proposal to fund healthcare subsidies he just cut

Dotard endorses proposal to fund healthcare subsidies he just cut”

President Trump on Tuesday evening praised bipartisan efforts in the Senate to find compromise on stabilizing the nation's health-care markets while calling on lawmakers to end "bailouts" for insurers.

The president said he is open to negotiating the cost-sharing payments in return for state flexibility in providing consumers with more choices. These subsidies help insurers defray medical costs for low-income Americans enrolled in ACA plans.

Hours after pronouncing the Democrats' signature healthcare legislation effectively dead and just minutes after saying cost-sharing payments to insurers was a government handout to boost their stock prices, President Trump backed a bipartisan deal that would keep the system afloat and continue the subsidies for "one to two years".

But whether Congress will approve the Alexander-Murray proposal, even with Trump's support, is uncertain.

The deal negotiated by Republican Sen.

Trump and many Republicans consider them bailouts to carriers.

Trump announced last week that he would stop funding the subsidies, which have been the subject of a long-running lawsuit.

At a press conference with Greek Prime Minister Alexis Tsipras on Tuesday, Trump endorsed the deal and said the White House was "involved" with the talks.

He also signed an executive order to allow the sale of insurance plans that are exempt from some Obamacare regulations. Experts believe that's another move that could cripple Obamacare, allowing healthier enrollees to flee to cheaper but skimpier plans.

The Alexander-Murray agreement would restore those payments, a policy heavily favored by Democrats and some Republicans.

All of this comes after Trump was unsuccessful multiple times in getting the program repealed via Congress.

The accord between Republican Senator Lamar Alexander and Democratic Senator Patty Murray came after weeks of negotiations between the two in the aftermath of failed efforts in recent months by the Republican-controlled Senate to repeal and replace the Affordable Care Act, the seven-year-old health care law championed by former President Barack Obama commonly known as Obamacare.

"This takes care of the next two years".

It is unclear whether the deal can succeed in Congress, given that House Speaker Paul Ryan previously said he would not bring a stabilization bill to the floor. "If I didn't cut the CSR's, they wouldn't be meeting", he said. Open enrollment on the federal exchange begins on November 1 and ends on December 15. It's unclear whether any new rule changes could be ready for implementation within that timeframe, experts said.

The Trump administration announced last week that it was cutting them off, leaving health insurers and hospitals wondering what would happen for the rest of this year and for 2018.



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