And these insurance plans would not be subject to requirements under the Affordable Care Act (ACA), commonly called Obamacare, which included mandatory coverage for a set of 10 essential health benefits, such as maternity and newborn care, prescription drug costs and mental health treatment. They are expected to be far less expensive than Obamacare plans.
But this new rule is receiving resistance from health insurers and providers, who say that the plans could drive up premiums and make insurance unaffordable for some people by siphoning off healthy consumers who want cheaper coverage, leaving behind a sicker patient pool with higher medical costs in Obamacare plans.
They just don’t get it, do they? For once people have free choice, whether or not, to even by insurance.
Republicans, who control both chambers of Congress and the White House, repeatedly failed last year to repeal and replace the law, a top presidential campaign promise of President Donald Trump. I don’t believe anyone will ever repeal the law, as they are too afraid of being voted out of office.
And of course, Nancy Pelosi had to give her feedback on the rule. She said the Republicans agenda is to inflict higher costs on sick Americans just to hand tax breaks to big corporations and billionaires. Hmm, not bad considering her comment on Obamacare, that they had to pass it first, to find out what’s in it.
The individual mandate, though has been repealed, and goes into effect in 2019.
Trump last year also ended billions of dollars of insurance subsidies under the law. Both were aimed at keeping ACA insurance plans more affordable for millions of Americans.
Meanwhile Republicans are praising the new rule, as providing cheaper health insurance options to those who cannot afford Obamacare plans or who do not want them.