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Congressional GOP Embrace President's Proposal to Replace Affordable Care Act

US lawmakers are working through the weekend for the initial time since the federal closure began more than a month ago, but hopes for a bipartisan agreement on how to resolve the impasse appeared to diminish as Republican senators floated a plan unacceptable to Democrats: eliminating the ACA, called Obamacare.

Growing Consequences of Government Shutdown

The effect on Americans from the longest closure of the US government in history worsened on Saturday, as federal workers went unpaid, carriers were compelled to ground planes and Supplemental Nutrition Assistance Program benefits have been delayed for 42 million Americans.

Trump's Proposal from Florida Resort

As weekend meeting got started, Republican senators embraced a suggestion made on online platforms early Saturday by Donald Trump from his resort in West Palm Beach, for subsidies to be substituted by health savings accounts.

"I am recommending to Senate Republicans that the Hundreds of Billions of Dollars currently being sent to profit-driven Insurance Companies in order to save the ineffective Healthcare provided by ObamaCare, BE SENT DIRECTLY TO THE PEOPLE SO THAT THEY CAN PURCHASE THEIR OWN, MUCH BETTER, HEALTHCARE," Trump wrote.

Republican Support

Several Republican senators praised the plan, which is similar to a alternative for Obamacare put forward in 2017.

"We will replace this broken system with something that is actually better for the patient," one senator said.

Another senator praised Trump's proposal on online platforms, and stood next to a large print of Trump's post as he addressed on the Senate floor.

"I'm writing the bill right now," a third senator wrote in response to Trump's proposal. "We need to stop taxpayer money from going to insurance companies and instead give it straight to Americans in HSA-style accounts and let them buy the medical coverage they want."

Democratic Reaction

Opposition lawmakers expressed alarmed reactions to Trump's plan.

"In other words, Donald Trump's 'proposal' for health care is yet another cynical attempt to eliminate Obamacare," one Democratic senator commented. "This is the same unsuccessful Republican plan that's been defeated by the public and Congress."

Another senator reacted to the censure of carriers by posting: "Well, Trump and the Republicans can't stand how the large insurance companies are overcharging Americans. Really? In that case I applaud your support for Medicare for All."

Ongoing Talks

The Senate adjourned without finding a solution, but Senate Republican leaders have signaled an willingness to an emerging plan from a handful of centrist lawmakers to end the closure in exchange for a future vote on the Obamacare payments.

One Democratic senator, who is spearheading the talks among moderates, said that Democrats "need another path forward" after Republicans rejected an proposal to restart the government and continue the payments for a year.

Another leading Democratic senator persisted in arguing that Republicans should agree to a 12-month continuation of the payments before discussing the future of the subsidies.

"Inaction is irresponsible because citizens will go bankrupt, people will lose insurance, people will get more ill," the senator said in a Senate address. "That is what will happen if this Congress does nothing."

Political Dynamics

None of the Republican senators seemed to grapple with the fact that patients would still need to buy plans from the same insurance companies, or that Republican lawmakers need the backing of several Democrats to restart the government, and the idea of eliminating and substituting Obamacare with savings accounts is unlikely to earn a single Democratic vote.

Some observers suggested that the essence of such a proposal would eliminate the ACA's requirement that insurance companies cover patients with pre-existing conditions.

After his golf outing, Trump went back to his residence and reiterated on his demand that Republicans stop seeking agreement and try instead to eliminate and replace Obamacare with a version of the proposal that was unsuccessful to secure enough support in 2017.

PW
Written by

Philip Wilson

A seasoned collector and market analyst with over a decade of experience in the trading card industry, specializing in rare finds and investment strategies.

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