Opinion, Politics, U.S.

Trump Proposes Health Insurance Rule That Will Promote Competition And Could Drive Down Costs

President Trump’s proposed health insurance rule will promote competition among health insurance providers by allowing them to sell across state lines. According to Rand Paul’s Senate Website, the Labor Department is set to deliver the new regulations,

“The Department of Labor’s proposed rule would expand the types of groups that can form an AHP and allow for membership across state lines. It would also allow self-employed individuals who have no other employees to take part in a large-group AHP, including a self-insured AHP.

The rule would continue to ensure Americans are not denied coverage or charged higher rates due to pre-existing conditions.”

The rule change is a result of an executive order signed by President Trump in October, 2017.

For eight long years, the American people have been suffering under a massive health insurance overhaul, that has raised premiums, raised deductibles, cost millions of Americans jobs, increased the tax burden for millions of Americans, and has done relatively little to effect the number of uninsured in the country.

The passage of the Affordable Care Act, otherwise known as Obamacare, was only able to happen, as one of its architects openly admits, because of the Obama administration’s lack of transparency and the “stupidity” of the American people.

During the time leading up to the passage of Obamacare, Democrats made the claim that the Republican Party had no alternative ideas, but were instead just trying to obstruct Barack Obama’s agenda.

They referred to the Republicans as “the Party of No” (Think of the irony of this as you consider that Democrats in Congress were calling for Donald Trump’s impeachment and saying that they would not even sit down to to find common ground even before he was inaugurated).

In 2009, Congressman Steny Hoyer said,

“…House Republicans pledged to introduce a bill to reform America’s health care system. Now, over 100 days and numerous excuses later, the ‘Party of no’ has not only failed to produce legislation, but they have yet to offer any real solutions or ideas on how to make health care more affordable and accessible to American families.”

The Republicans, however, did offer alternatives that did not involve a pathway to socialized medicine.

One option was a reform to the tort system, where healthcare malpractices are treated like the lottery system. Many doctors are ordering multiple expensive, and often-times unnecessary, tests for their patients in order to protect themselves from frivolous lawsuits. Think of it as a measure 2, 3, or 4 times and cut once policy.

Another option was offering health savings accounts in which consumers were encouraged to shop around for the lowest cost of health care because it would mean more money in their pockets.

Yet another alternative that was floated about by Republicans, at the same time that the Obama administration was counting on the stupidity of the American people to pass Obamacare, was the deregulating of insurance companies and allowing them to compete across state lines.

Though the Democrats, who have literally become “the party of no” by identifying themselves as “the resistance,” are loathe to admit it, there were serious alternatives to Obamacare being floated about that could have lowered the health care costs of all Americans.

Source: Rand Paul Senate Website, AP News, Breitbart

 

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