Trump Administration Proposes Stricter Obamacare Rules

The Trump administration on Wednesday proposed changes to the Obamacare individual insurance market that insurers welcomed as a good start but that others pointed out could raise out-of-pocket cost for consumers.

President Donald Trump and congressional Republicans have promised to scrap the 2010 healthcare law that is a key legacy of Democrat Barack Obama’s presidency. But they are struggling to agree on a replacement for the law, which extended health insurance to 20 million Americans.

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Rove: Obamacare Fails to Bring Insurance to Uninsured

Republican political strategist Karl Rove quotes President Barack Obama’s pledge: “I’m not going to walk away from 40 million people who have the chance to get health insurance for the first time,” and then notes a McKinsey & Co. survey revealing that only around 11 percent of Obamacare enrollees had been previously uninsured. Instead, millions of privately insured Americans have shifted to public insurance “without reducing the number of uninsured very much,” says Rove.

The explanation may rest with two unintended consequences of Obamacare — the cancellation of many existing policies, and the incentives provided to businesses with fewer than 50 employees to drop their group coverage.

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Obamacare Insurance Plans will be Expensive – and Consumers Will be Left Disappointed

The author argues that the health insurance plans sold in the Obamacare exchanges next year are likely to be pricey relative to the benefits theyoffer. The health insurers were hoping that many young, healthy individuals would enter the exchanges, subsidzing older, and perhaps sicker members. For many young people, however, the coverage won’t be worth its cost. Moreover, early customers will be those in greatest need of medical care, who also have the highest medical costs.

Read more at Forbes