As one of his first items of business after taking the Oval Office, President Trump signed an executive order “instructing federal agencies to grant relief to constituents affected by the Affordable Care Act.” In an already unstable market, this order leaves many questions unanswered, not only for states and other lawmakers, but also for consumers, medical professionals, and insurance companies. Senate Republicans insist that they are working with the Trump Administration to ensure “an orderly process.” However, without a replacement plan in place, many stakeholders are concerned that several insurance companies will leave the state health insurance exchanges by 2018, and Trump’s executive order will result in anything but an “orderly” transition away from Obamacare.
From The Washington Post, “With executive order, Trump tosses a ‘bomb’ into fragile health insurance markets”
Excerpt from article:
The political signal of the order, which Trump signed just hours after being sworn into office, was clear: Even before the Republican-led Congress acts to repeal the 2010 law, the new administration will move swiftly to unwind as many elements as it can on its own — elements that have changed how 20 million Americans get health coverage and what benefits insurers must offer some of their customers.