Trump Says He is ‘Very Proud’ of Executive Order on Healthcare

President Donald Trump recently signed a new executive order on health care, which is more than Congress. On Saturday, he tweeted out that he is “very proud” of the order, with a feeling that it will greatly lower prices across the scale.

The president tweeted, “Very proud of my Executive Order which will allow greatly expanded access and far lower costs for HealthCare. Millions of people benefit!”

In addition to being proud of the order he also claims that afterwards, the heath insurance stocks dropped drastically.

He said, “Health Insurance stocks, which have gone through the roof during the ObamaCare years, plunged yesterday after I ended their Dems windfall!”

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The Hill reports:

CNBC reported Friday that two large insurance companies, Centene and Anthem, saw their stocks drop after Trump’s announcement. Multiple hospital and health-care companies also saw their stocks decline.

Trump signed an executive order Thursday which seeks to expand the ability of small businesses and other groups to join together in purchasing health insurance through association health plans. It also seeks to lift limits on short-term health-care plans. The order directs agencies to write new rules.

Experts warned the order could destabilize the ObamaCare markets as cheaper, less-effective plans could drive people away from ObamaCare plans.

Trump also faced criticism for his decision to end key ObamaCare payments known as cost-sharing reduction payments. The payments are worth an estimated $7 billion this year and they subsidize insurance plans for low-income people.

If you ask me, I think Trump was right in finally doing something. Congress has had multiple opportunities to repeal and fix Obamacare. However, they have continued to drag their feet, with Mitch McConnell as their leader.

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