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A White House Council of Economic Advisers (CEA) study released on Friday found that Americans will save $450 billion through Trump’s Obamacare reforms.
The CEA suggested that Trump’s repeal of the Obamacare individual mandate, and the expansion of short-term insurance plans and Association Health Plans (AHPs), will save Americans BILLIONS of dollars over the next ten years.
President Trump signed an executive order in October 2017 which expanded short-term limited-duration health insurance plans.
Short-term plans allow for Americans to keep their plans for up to 364 days and to renew their plans for up to three years. Because short-term plans do not have to comply with many Obamacare insurance regulations, insurance companies can offer more customized and cheaper plans compared to the individual market.
Trump also expanded Association Health Plans, which offer businesses and workers more affordable health insurance options. AHPs are health insurance pools sponsored by an industry, trade, or professional association that provides health coverage to their members.
Land O’ Lakes, which created the nation’s first AHP, said that their plans were roughly 50% percent less expensive compared to Obamacare plans.
originally posted by: rickymouse
Obamacare turned out to be a curse on the American people.