As far as President Trump is concerned, Obamacare is “dead” and buried.
“Obamacare is finished. It’s dead. It’s gone,” Trump said during a Cabinet meeting on Monday.
“You shouldn’t even mention it, it’s gone. There is no such thing as ObamaCare anymore. It is a — and I said this years ago — it’s a concept that couldn’t have worked,” he added, discussing the Affordable Care Act that he vowed during the election campaign to repeal and replace.
His comments came in the wake of an executive order last week that announced an end of payments to insurers selling Obamacare plans. The cost-sharing reduction payments, which were not originally budgeted fully under Obamacare, continued to be made to insurance companies by the Trump administration despite the president’s threats to eliminate them. They were estimated to be worth $7 billion this year, according to The Hill.
Health Insurance stocks, which have gone through the roof during the ObamaCare years, plunged yesterday after I ended their Dems windfall!
— Donald J. Trump (@realDonaldTrump) October 14, 2017
The president believed his decision to end the payments resulted in bipartisan discussion.
“Republicans are meeting with Democrats because of what I did with the CSRs,” he said. “Because I cut off the gravy train. If I didn’t cut the CSRs, they wouldn’t be meeting, they would be having lunch and enjoying themselves, all right?”
Very proud of my Executive Order which will allow greatly expanded access and far lower costs for HealthCare. Millions of people benefit!
— Donald J. Trump (@realDonaldTrump) October 14, 2017
A lawsuit filed Friday in federal court in California was joined by 18 states and Washington, D.C. in order to prevent Trump from ending the subsidies.
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But Trump indicated that work was still ongoing in an attempt to come up with a solution to the health care issue.
“We’re working on some kind of a short-term fix,” he said Monday, noting that Republican were meeting “maybe with some Democrats” in order to “permanently” fix health care.
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Originally from New York, Powers graduated from New York University and eventually made her way to sunny South Florida where she has been writing for the BizPacReview team since 2015.
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