Senators Propose Bill to Prop Up Obamacare

Oct 19, 2017

Legislation to stabilize the health insurance market has been introduced by Senators Alexander and Murray. The bill would restore the cost-sharing payments for the next two years. The payments were halted last week by President Trump because of their unconstitutionality. Senator Alexander said, “The best course is to take this limited bipartisan first step to avoid the chaos that wold occur during 2018 and 2019 if premiums continue to skyrocket and millions of Americans find themselves without a way to purchase health insurance.” President Trump commended the efforts of senators to find a solution, but he said that “Congress must find a solution to the Obamacare mess instead of providing bailouts to insurance companies.” On Wednesday the president tweeted, “. . . I can never support bailing out [insurance companies] who have made a fortune [with Obamacare]. Nathan Nascimento of Freedom Partners said, “. . . we agree with the White House that any deal that extends cost-sharing reduction subsidies and props up the law in the interim should start with eliminating the individual and employer mandates.”