Last week, the President signed an executive order to help dismantle Obamacare. The order allows two types of healthcare plans that would let people get around certain Obamacare regulations, such as minimum essential coverage. These plans may be at a lower cost, but often aren’t comprehensive and will offer fewer benefits. The order would also allow people to buy short-term policies, which don't have to comply with Obamacare's protections for those with pre-existing conditions. Experts have said that these new plans could increase costs for sicker Americans.
“Sadly, instead of working to lower health costs for Americans, it seems President Trump will single-handedly hike Americans’ health premium.” ~ Rep. Nancy Pelosi via CNN
In addition to this executive order, the White House announced that it plans to end subsidies that help insurers cover health costs for low-income Americans. The insurance industry has warned that without subsidies, insurance premiums will likely rise. Many are opposing this plan, and a group of attorney generals have already said they plan to sue the Trump administration to keep subsidy funding intact.
— Chuck Schumer (@SenSchumer) October 12, 2017