President Trump claimed Wednesday that the Republican tax invoice “primarily” repealed Obamacare.
Trump bragged that the laws eliminates the Inexpensive Care Act’s particular person mandate, which penalized those that didn’t have protection.
“I hate to say this, however we primarily repealed Obamacare, as a result of we removed the person mandate, which was horrible,” Trump mentioned.
Scrapping the mandate weakens the regulation and will destabilize the person market, resulting in larger premiums and extra priced-out and, in consequence, uninsured Individuals.
The fines on individuals who don’t have insurance coverage solely present a small fraction of financing for this system, however the transfer could ship the variety of the uninsured skyrocketing.
Trump mentioned he had requested lawmakers to minimize the transfer: “Be quiet with the pretend information media as a result of I don’t need them speaking an excessive amount of about it.”
Regardless of Trump’s claims, the invoice doesn’t in actual fact repeal Obamacare. Individuals will nonetheless be capable of buy insurance coverage from particular person marketplaces.