A replacement plan for the Affordable Care Act may be hours away from being unveiled.
Legislation, being billed as an “Obamacare replacement plan” will be introduced by Senators Susan Collins (R-Maine) and Bill Cassidy (R-La.).
Repealing and replacing President Obama’s signature legislation has been a campaign trail promise of pretty much every Republican who ran for the presidency this past election cycle.
Obamacare has proven to be a disaster, from a sign-up website that rarely worked and cost over $2.1 billion in taxpayer funds to maintain, to plans that were so expensive, with deductibles so hefty, that very few saw any benefit from the “coverage,” outside of avoiding the penalty the IRS would attach to anyone without it.
Collins and Cassidy think they may have the answer.
The two said in a statement their new plan would afford more power to the states and help to cover Americans who currently aren’t insured.
After his inauguration on Friday, President Trump signed an executive order directing federal agencies to ease the regulatory burden of the law.
One positive thing Trump could do, on the path to repeal and replacement, was suggested by his top aide, Kellyanne Conway.
Conway suggested that Trump could possibly stop enforcing the mandate that all Americans have the coverage.
For many, the plans were so expensive, it came down to either paying for the plan or choosing between other necessities.
Said Senator Collins last week:
“Some of my colleagues have argued for immediate repeal without any replacement,” Collins said on the Senate floor last week, “an option that I reject for it risks leaving millions of vulnerable Americans without affordable health insurance and would undo important consumer protections provided by current law.”
There have been others to offer plans for a replacement of Obamacare, such as Senator Rand Paul, who suggested a more market-based plan. So far, nothing has been approved.
Perhaps the plan by Collins and Cassidy will be the sweet spot that the Republican-majority in the Senate can agree on.