President Trump repeatedly said throughout his campaign that he would repeal and replace the Affordable Care Act within his first hundred days in office. Those first hundred days are long gone, and Trump’s base is growing increasingly frustrated with the president’s inability to make good on this key promise.
Now, Trump appears to be planning to take executive action to undo some of the regulations put in place by the ACA. He tweeted early Tuesday morning:
‘Since Congress can’t get its act together on HealthCare, I will be using the power of the pen to give great HealthCare to many people – FAST’
This tweet came shortly after the Wall Street Journal published a report saying that, according to an unnamed administration official, a new executive order regarding health care will be signed this week. Trump also said late last month that he would soon “be signing a very major executive order where people can go out, cross state lines, do lots of things and buy their own health care.”
The news about Trump’s plans has created a lot of concern among those who work in the insurance industry. Depending on when Trump’s order would go into effect, an overhaul of the current system could seriously destabilize the insurance market.
Larry Levitt, a health policy expert at the Kaiser Family Foundation, posted a lengthy Twitter thread on Tuesday explaining the possible ramifications of the kind of executive order Trump has described.
In the thread, Levitt noted that the executive order could have the potential to drive up premiums and make insurance coverage unaffordable for many Americans, especially middle-class people who suffer from pre-existing conditions.
Levitt is not alone with his predictions. Matt Fiedler, an analyst for the Brookings Institute, also told Bloomberg on Monday that the damage Trump’s executive order would cause to the individual insurance market would be “quite significant” because healthier people would seek cheaper coverage through associations. This would then drive up premiums for everyone in the Obamacare market.
Some people have responded to the news about the executive order with more questions and concerns about what will happen to them and their current insurance coverage.
Clearly, the president’s health care plan is unpopular with the American people. A lack of popularity is unlikely to stop him from carrying it out, though.
Featured image via Michael Reynolds-Pool/Getty Images.