Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Republicans propose giving U.S. states option to keep Obamacare

Published 01/23/2017, 03:24 PM
Updated 01/23/2017, 03:24 PM
© Reuters. Senator Susan Collins (R-ME) speaks at a news conference with a bipartisan group of senators on Capitol Hill in Washington, D.C., U.S., to unveil a compromise proposal on gun control measures

By Susan Cornwell

WASHINGTON (Reuters) - Two Republican senators said on Monday that U.S. states should be allowed to stay in the Obamacare healthcare insurance program if they like, with one adding she felt confused by President Donald Trump's broad but unspecific executive order targeting the program.

Trump and congressional Republicans campaigned on a promise to dismantle Obamacare, and they are working on carrying out that pledge as an early product of united Republican control of the White House and Congress.

But the legislative proposal by Senators Susan Collins of Maine and Bill Cassidy of Louisiana would let states choose to keep Obamacare or move to a replacement program, for which states would also receive some federal funding.

Cassidy, himself a doctor, said such an approach could help attract Democratic votes that will be needed for the eventual replacement for Obamacare, former Democratic President Barack Obama's health insurance program approved in 2010. It did not, however, win over the Senate's leading Democrat, Chuck Schumer, who denounced the idea as an "empty facade."

Collins, a moderate Republican, called Trump's executive order issued Friday against Obamacare "very confusing," adding that whatever actions the Trump administration takes, legislation will still be needed to replace the health insurance law.

"We really don't know yet what the impact (of the order) will be," Collins told a news conference, adding that it will be difficult to assess the impact until there is a new Cabinet secretary in place in charge of health.

Trump signed his executive order on Friday within hours of taking office. It directs U.S. agencies to "waive, defer, grant exemptions from, or delay the implementation" of provisions of Obamacare deemed to impose fiscal burdens on states, companies or individuals.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

But the order did not specify which parts of Obamacare would be affected or the timing.

Trump's nominee to head the U.S. Department of Health and Human Services, Georgia Representative Tom Price, has said there is no plan for "pulling the rug out" on millions of Americans' healthcare as a replacement is designed. Any changes are unlikely to affect the government-funded or subsidized insurance plans covering more than 20 million people in 2017.

Schumer said in a statement that the Collins-Cassidy approach would be a "far cry" from a full replacement of Obamacare.

"It is nearly impossible to keep the benefits of the Affordable Care Act," Schumer said, using the official name for Obamacare, "without keeping the whole thing."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.