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trump issues order to deregulate health insurance, promising relief from obamacare

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trump issues order to deregulate health insurance, promising relief from obamacare

president trump moved thursday to scale back rules on health insurance across the country in the administration’s most ambitious effort to date to use its regulatory powers to undermine the affordable care act.the controversial new executive order trump issued aims to open the way for a greater number of relatively cheap health plans that could offer skimpier coverage than allowed under the healthcare law, often called obamacare.the move will “provide millions of americans with obamacare relief,” trump said as he formally released the order at the white house. the changes will “increase competition, increase choice and increase access to lower-priced, high-quality healthcare options.”“people will have great, great healthcare,” trump added, speaking to an audience made up of cabinet officials, vice president mike pence, sen. rand paul (r-ky.), and owners of several small businesses who the white house said would benefit by the new plans.but while loosening consumer protections in the aca might make insurance cheaper for those in good health, that would happen at the expense of millions of sicker americans, who’ll have to pay more, warn patient advocates, state regulators and others across the healthcare sector.“today’s executive order jeopardizes the ability of millions of cancer patients, survivors and those at risk for the disease from being able to access or afford meaningful health insurance,” said chris hansen, president of the american cancer societ...