Connect with us

Political Dig

Republicans’ Attempt To Repeal Obamacare Is Even Making Insurance Companies Worry

BOOYAH

Republicans’ Attempt To Repeal Obamacare Is Even Making Insurance Companies Worry

The Republican Party is slowly gutting President Barrack Obama’s Affordable Care Act(ACA), which for most people in America is very concerning. Not only is the repeal of Obama Care an impact on everyone who will be left uninsured, but it seems that insurance companies aren’t very fond of the idea either.

According to an article from Wired.com “No business likes an unstable market, and Republican lawmakers are in the process of creating just that: a sudden lack of subsidies could cause some healthy customers to opt out, leading to an insurance landscape flooded with (high-risk) sick people staggering under the burden of increased premiums. Advantage, nobody.”

Republicans, being as sneaky as they are, did not attempt to entirely repeal Obamacare, because to do so they would have to go through a legislative change and would need 60 votes to pass, which would be very unlikely to get any Democrats to vote on repealing the ACA. They instead voted in the Senate to dismantle the ACA’s funding mechanisms.

“By using this strategy, they can change the law with a simple majority,” says Devon Herrick, a health economist at the National Center for Policy Analysis. “But only those elements that affect money.”

Insurance companies are outraged at Republicans. “This all boils down to the insurance companies slated to lose billions of dollars in revenue, as they will be required to pay the cost differences which will no longer be paid by the Federal government’s subsidies.”

“Insurers, like other industries, want stability. They want to be able to make projections about the future. They don’t like unpredictability,” says David Jones, a professor of health law and policy at Boston University. “It’s really hard to know where Congress will end up, so it’s hard to know what to plan for.”

If Republican’s plan to repeal Obamacare and “replace it with something better,” fails, which it most definitely will, they will be to blame.

Click to comment

More in BOOYAH

Advertisement

Trending

Advertisement
Advertisement
Advertisement
To Top