With President Trump’s executive order today allowing the creation of cheaper, less regulated insurance plan Donald Trump officially has sabotaged the nation’s healthcare system know as Obamacare. His order will take plan payers out of larger pools and put them into cheaper ones which will have the effect of driving up premiums for the people who are already sick or at higher risk of being sick, effectively hurting the vulnerable.
As more and more young healthy people choose these skimpier plans, this will have the effect of ruining the healthcare markets that had already achieved an equilibrium in the marketplace. Instead of costs coming down for, with the markets losing insured they will increase for many, many people who are the least likely to be able to pay higher prices and the whole system could collapse.
But we must make no mistake in assigning blame. This was sabotage by our leader of a marketplace that has run for years. There was no need to do take this action, and hurt these people. This was a political act designed to hurt a system that has helped millions of Americans obtain insurance and receive necessary treatment.
If and when Trump makes the system collapse, he’s the owner. He’s the guy who started signing orders and messing with the status quo. He’s the man who ruined the lives of those who will suffer under the harsh premium increases that will surely follow this action.
Trump alone will have blood on his hands.