Saturday, November 12, 2016

Trump Reverses on Obamacare

President-electDonald Trump has reversed on the one area I thought a positive might come out of a Trump presidency.

Trump said he would consider leaving in place certain parts of the Affordable Care Act,  reports The Wall Street Journal.

In his first interview since his election earlier this week, Trump told the Journal that  he favors keeping the prohibition against insurers denying coverage because of patients’ existing conditions, and a provision that allows parents to provide years of additional coverage for children on their insurance policies.

“I like those very much,” Trump said, according to the Journal.

Additional  years of coverage for children is no big deal, most children don't get sick. It's not that costly.

Keeping the prohibition against insurers denying coverage because of patients’ existing conditions is a fiscal time bomb. It is at the heart of the current shrinking number of insurers providing coverage in many states.

Just how the hell is Donald going to pay for this, in addition to expanding the defense budget and launching a trillion dollars in infrastructure spending? Hug your gold coins.

It should also be noted with government getting involved in such massive payments/subsidies for preexisting conditions, government will be picking care options, which will be ripe for crony deals with insurance firms, pharmaceutical firms and healthcare providers.

It is a disaster in the making. Trump's Atlantic City losses will look like pocket change in comparison.

But at least, we will be able to now attack Trump economic policies across the board.

 -RW