Issues, Politics

Obamacare Implosion Could Be Three Weeks Away

Trump has promised a re-do on the Ryancare bill pledging to get the job done. And many are wondering what will be different the second time around.

It’s as if Trump knows something he’s not sharing. But now some pundits are speculating that March 22nd might be the official date of the collapse of Obamacare which could force Democrats to jump onboard the Ryancare train.

That date is when state exchanges will be approved — or not — for federal subsidies, which Trump is likely not going to enforce.

And without those subsidies, insurance companies will bail leaving the system bankrupt. Stick a fork in it.

Here’s more from DC Statesman…

President Trump has warned that Obamacare will be crushed under its own weight. Judging from his tweets and statements, it seems like it will happen sooner rather than later.

In fact, many of his words seem rather ominous, like he’s aware of something that we’re all missing:

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He seems so confident that he even argues Democrats will be flocking to him to make a deal or risk the wrath of owning a failed system:

The explosion could be more imminent than many assume. Health insurers and legislators need to make a decision by May 22nd or risk the entire system collapsing. The Trump Administration has until that day to decide whether they will pursue the Obama Administration’s appeal on whether to provide subsidies to federal exchange participating health insurers. If those subsidies are removed then the result will be massive premium hikes and more withdrawals by health insurance companies. Since many counties only have one eligible insurer now, this could be catastrophic.

In 2014 the House Republicans sued the federal government over cost-sharing reductions. They argued that healthcare subsidies were unconstitutional because they were not appropriated by Congress. All funding must originate from the House, as required by law. Republicans won the initial judgement. But the Obama Administration appealed. But now that Trump is in charge, he is under no obligation to pursue the appeal, nor is he likely to do so.

The Atlantic Journal Constitution explains:

“One key to insurers selling plans in the marketplace are reimbursements they receive called cost-sharing reductions. These aren’t the same as the tax credits that people receive to help pay their premiums; it is financial assistance to help low-income people pay their out-of-pocket costs, such as deductibles. The Congressional Budget Office projected those payments would add up to $7 billion this year and $10 billion in 2018.

“But for insurers, there’s a question over how long that money will be delivered, due to an ongoing political and legal dispute about whether the cost-sharing money should be distributed at all.

“In 2014, House Republicans sued the Obama administration over the constitutionality of the cost-sharing reduction payments, which had not been appropriated by Congress. The lawmakers won the lawsuit, and the Obama administration appealed it. Late last year, with a new administration on the other end of the suit, the House sought to pause the proceedings — with a deadline for a status update in late May.

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