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America October 19, 2017 3 mins read

Trump Open to Bipartisan Deal to Stabilize Obamacare Temporarily

America ı By Marivic Cabural Summers

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Donald Trump Elected

President Donald Trump indicated his willingness to support the bipartisan deal to stabilize Obamacare for a short period.

On Thursday, Trump said, “I respect very much the two senators you’re talking about. I love that they’re working on it.” That was his response when asked about his position on the bipartisan deal on Obamacare.

Additionally, the President stated that he only wants a temporary solution for Obamacare. He reiterated his objective to eventually repeal the current healthcare system.

“I want them to be careful with respect to the insurance companies. We will probably like a very short-term solution, until we hit the block grants, until that all kicks in…If they can do something like that, I’m open to it,” according to Trump.

Trump reiterated, “Various states really wanted that block grant money. And for the most part, I think we have the votes for that. There will be a transition period, so anything they’re working on will be short term. It’ll be absolutely short term because, ultimately, we will be — it’s going to be repeal and replace.”

Furthermore, he emphasized that he does not want insurance companies to receive more benefits from the bipartisan deal on Obamacare. “What I did say though is; I don’t want the insurance companies making any more money.”  The President called the cost-sharing reduction (CSR) payments as a “gift” to insurance companies. He said the CSR payments brought the Democrats and Republicans together because of emergency for a short-term fix for Obamacare.

Bipartisan bill to stabilize Obamacare has 24 co-sponsors

Also on Thursday, Senate Health Committee Chairman Lamar Alexander (R-Tenn.) and Ranking Member Patty Murray (D-Wash.) introduced the bipartisan bill.

In a statement, the senators said the bipartisan legislation will extend the CSR payments to health insurers until 2019. It will protect consumers facing higher premiums thus year. The deal will also provide states significant flexibility to create greater choices among health insurance policies.

Sen. Alexander and Sen. Murray on bipartisan deal on Obamacare

“The goal of this bipartisan legislation is to stabilize and then lower the cost of health insurance premiums,” said senators Alexander and Murray.

According to them, the legislation has 24 co-sponsors including 12 Republicans. Senators Lindsey Graham(R-SC) and Bill Cassidy (R-La), and John McCain (R-Arizona) are among the co-sponsors of the compromise agreement.

Graham and Cassidy are the authors of the recent GOP legislation to repeal and replace Obamacare, which was killed by McCain.

In an interview with Politico, Graham said Trump told him, “I want a deal. I want to get something for this money.” The senator explained to the President that under the Graham-Cassidy bill, the CSR payments will continue. He needs to do something to stabilize the markets for the meantime.

According to Graham, “I told him [Trump] that if Graham-Cassidy became law tomorrow. You’ve got to do something in the interim period. You’ve got two or three years before this thing gets implemented. You can’t save Obamacare but you can keep the markets from collapsing until we get a replacement…”

Yesterday, the President gave mixed signals for the bipartisan deal. He said, he supports Lamar and the process, but he will never support bailing out health insurers.

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Marivic Cabural Summers

Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.

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