Trump revokes individual mandate for health insurance

Current administration is also looking at other reforms to the law to make it more inclusive

Trump revokes individual mandate for health insurance

Insurance News

By Allie Sanchez

As he assumed the presidency, one of the first orders of business for Donald J. Trump was to sign an executive order no longer requiring individual Americans to carry health insurance, or pay penalty if they do not.

A Reuters report said that President Trump signed an executive order relating to the 2010 Obama era healthcare law asking US agencies to “waive, defer, grant exemptions from, or delay the implementation” of provisions that may result in financial burden for local governments, enterprises and individuals.

Trump counsel Kellyanne Conway further stressed that the 20 million Americans insured under Obamacare will not lose their coverage while the president’s camp is crafting a replacement.

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In another TV interview, Senate Majority leader Mitch McConnell said that the government is looking into reforms that would expand the existing law’s reach.

The wire report quoted McConnell as saying, “We’re going to move carefully in conjunction with the administration to repeal and replace it with things like health savings accounts and interstate health insurance sales and high-risk pools at the state level to take care of people who have pre-existing conditions.”

Furthermore, Reuters reported that Trump had expressed his intention to retain some elements of Obamacare, such as allowing coverage for young adults under their parents’ health insurance. He also approves of the proposed measures mentioned my McConnell, the report noted.


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