“I am supportive of Lamar as a person & also of the process, but I can never support bailing out ins co’s who have made a fortune w/ O’Care.” — Wednesday morning Tweet.
“Every Democrat’s voting for it. Do the math, baby,” an exultant Schumer, D-N.Y., told reporters.
The legislation from Republican Sen. Lamar Alexander of Tennessee and Democratic Sen. Patty Murray of Washington is a political cease-fire that would send a reassuring message to insurers selling individual health policies to more than 17 million Americans.
TRUMP: “I won’t do anything to enrich the insurance companies because right now the insurance companies are being enriched. They’ve been enriched by Obamacare like nothing anybody’s ever seen before.” — Speaking to reporters at the White House Wednesday.
At the same time, they are experiencing a high level of uncertainty as Republicans in Congress continue to advocate for a major overhaul of a program that provides health insurance to tens of millions of lower-income and disabled Americans.
“It’s a kind of counter-intuitive result,” said Kurt Giesa, a health insurance expert with the Oliver Wyman consulting firm.
“I think he wants to reserve his options,” Republican Sen. Lamar Alexander of Tennessee told an Axios forum on Wednesday after the president’s call. Alexander said Trump wanted “to be encouraging,” and the senator predicted that his deal would pass “in one form or another” by year’s end.
The agreement would involve a two-year extension of federal payments to insurers that Trump halted last week, said Sen. Lamar Alexander, R-Tenn. Unless the money is quickly restored, insurers and others say that will result in higher premiums for people buying individual policies and in some carriers leaving unprofitable markets
With the start of open enrollment just weeks away on Nov. 1, the Trump administration has slashed “Obamacare’s” ad budget, as well as grants to outside organizations that are supposed to help consumers sign up.
“I’m still concerned about the next two years, and Congress has an opportunity to slow down premium increases in 2018, begin to lower them in 2019, and do our best to make sure there are no counties where people have zero options to buy health insurance,” Alexander said in a statement.