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11/21/16

Market Collapse Fears Stoked With Obamacare Repeal Plan



GOP lawmakers say they plan to repeal the Affordable Care Act as soon as President-elect Donald Trump takes office, including a transition period of a year or two before it takes effect. But repealing the law without a replacement is likely to spook health insurers, who might bolt from the markets prematurely to avoid losses as some people stop paying their premiums, while others rush to have expensive medical procedures before losing coverage. Even if Congress delays immediate action to kill the health care law, Obamacare insurers would have just a few months to decide whether to stay in the law’s marketplaces for 2018. According to the Department of Health and Human Services, more than 1 million people signed up through HealthCare.gov in the first two weeks of the current enrollment season, including 100,000 who enrolled the day after the election. The administration projects that 13.8 million people will participate this season, which ends about two weeks after Trump takes office. http://politi.co/2fydMqo http://bit.ly/1fJ5yqZ This video was produced by YT Wochit News using http://wochit.com


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