The President tweeted out on Saturday morning about how he is “very proud” of a specific action he took this week.
“Very proud of my Executive Order which will allow greatly expanded access and far lower costs for HealthCare,” Trump tweeted. “Millions of people benefit!”
The President also claimed that his decision to end subsidy payments is why health insurance stocks fell yesterday.
CNBC reported on Friday that two large insurance companies, Centene and Anthem, saw their stocks drop after the Presidential announcement on Thursday.
The President signed an executive order on Thursday which seeks to expand the ability of small businesses and other groups to join together in purchasing health insurance.
The President did face criticism from the left after he decided to end principal ObamaCare payments known as cost-sharing reduction payments. These payments are worth an estimated $7 billion this year, and they subsidize insurance plans for low-income people.
Democrats blasted Trump for the decision to end the payments, with Senate Minority Leader Charles Schumer (D-N.Y.) and House Minority Leader Nancy Pelosi (D-Calif.) calling the decision a “spiteful act of vast, pointless sabotage.”
It remains to be seen how much impact this executive order will have and how much help it will be. However, I think the President strategy is clear if Congress won’t repeal the ACA he is going to run it into the ground, so they have no choice.
Source: Twitter | CNBC