Obama quietly confiscated billions from average Americans for his socialist plan, but Donald put a swift end to it.
You thought there was nothing left of Obama’s hurting Americans. Think again. While President Trump has done a great job of killing O’s legacy, there is still more to be done.
Obama’s impact on the country will still be felt for years to come. That’s especially true considering the current Congress has been slow to enact Trump’s policies. But even without the support of his own party, Trump has been ending Obama’s destructive influence.
The Trump administration just put a stop to a $10 billion bailout that punished companies and put a burden on millions of Americans.
From Western Journal:
Insurance companies waiting for $10.4 billion they were expecting from the federal government thanks to Obamacare will have to wait a little longer, now that the Trump administration has stopped the so-called “risk adjustment payments.”
The payments are designed to compensate insurance companies that took on consumers with costlier health care problems during 2017. The money comes from companies that insured healthier Americans.
Matt Eyles, president of America’s Health Insurance Plans, said the decision will affect which companies participate in Obamacare marketplaces for 2019 and what rates they will charge.
Those risk adjustment payments were basically extortion. People with good health insurance, with few health problems, were bailing out those who did. Now, nobody wants to see people suffer—but is that fair? Why should a healthy person pay for the health costs of a sick person?
That’s straight out of the socialist handbook. Obama didn’t believe in Americans earning their own keep. He, like the rest of the Democratic Party, wanted to punish those who were doing well, to help those who refused to work.
When he wasn’t taxing us into oblivion, he was putting a huge burden on health insurance companies and consumers. He made big promises to lower the cost of healthcare. Ironically, most people saw their healthcare costs skyrocket. Thanks to terrible aspects of Obamacare like this.
This move will help the insurance market. It will take a burden off companies and create more competition. Competition will, in turn, help drive prices down—making coverage more affordable for all.
The bottom line is much needs to be done to improve the healthcare system in our country. Much more, thanks to Obamacare. President Trump is well on his way of dismantling this broken system. But the GOP needs to finally put it in the ground. A repeal and replace is still desperately needed.
But will they finally get it together soon? We’ll just have to wait and see.
Source: Western Journal