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Congressional Republicans Back President's Call to Replace Obamacare

US lawmakers are working through the weekend for the initial time since the federal closure began more than a month ago, but expectations for a cross-party deal on how to resolve the standoff appeared to diminish as Republican senators floated a plan unacceptable to Democrats: scrapping the ACA, called Obamacare.

Deepening Impact of Federal Closure

The impact on Americans from the lengthiest closure of the US government in history worsened on Saturday, as federal workers went unpaid, carriers were forced to cancel flights and SNAP benefits have been postponed for forty-two million Americans.

President's Proposal from Florida Resort

As weekend meeting got under way, GOP senators welcomed a proposal 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.

"My recommendation is to Senate Republicans that the Hundreds of Billions of Dollars currently being sent to money sucking Insurance Companies in order to save the bad Healthcare provided by ObamaCare, BE SENT DIRECTLY TO THE PEOPLE SO THAT THEY CAN PURCHASE THEIR OWN, MUCH BETTER, HEALTHCARE," Trump wrote.

GOP Endorsement

Multiple Republican senators praised the proposal, which is similar to a alternative for Obamacare proposed in 2017.

"We're going to replace this failing program with something that is truly better for the patient," one senator said.

Another senator commended Trump's proposal on social media, and displayed a large print of Trump's post as he spoke on the Senate floor.

"I am drafting the bill right now," a third senator posted in reply to Trump's suggestion. "We need to stop public funds from going to insurance companies and instead give it directly to Americans in HSA-style accounts and let them buy the health care they want."

Opposition Response

Opposition lawmakers shared alarmed responses to Trump's plan.

"Essentially, Donald Trump's 'concept of a plan' for health care is yet another calculated attempt to eliminate Obamacare," one Democratic senator commented. "This is the same failed Republican plan that's been defeated by the public and Congress."

Another lawmaker reacted to the censure of carriers by writing: "Oh, Trump and the Republicans can't stand how the large insurance companies are overcharging Americans. Really? Then I welcome your support for Medicare for All."

Continuing Talks

The Senate went into recess without finding a solution, but Senate Republican leaders have indicated an willingness to an developing plan from a handful of moderate Democrats to terminate the closure in exchange for a later vote on the ACA payments.

One Democratic senator, who is spearheading the talks among moderates, said that Democrats "require another way ahead" after Republicans turned down an offer to restart the government and continue the subsidies for a year.

Another senior Democratic lawmaker persisted in maintaining that Republicans should agree to a 12-month continuation of the payments before discussing the future of the tax credits.

"Inaction is derelict because people will go into debt, people will lose insurance, people will get more ill," the senator stated in a Senate address. "That's what will happen if this Congress fails to act."

Political Dynamics

Not one of the Republican senators seemed to address the fact that patients would still need to buy coverage from the same insurance companies, or that Republican lawmakers need the support of several Democrats to restart the government, and the concept of eliminating and replacing Obamacare with savings accounts is unlikely to earn a single Democratic vote.

Several observers suggested that the core of such a plan would eliminate the ACA's mandate that insurance companies cover individuals with pre-existing conditions.

After his golf outing, Trump went back to his residence and doubled down on his demand that Republicans stop seeking compromise and try instead to eliminate and replace Obamacare with a iteration of the plan that was unsuccessful to garner enough backing in 2017.

ND
Written by

Nathaniel Douglas

David is a finance writer with over a decade of experience in investment analysis and wealth management.

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