President Trump signed an executive order on healthcare this week after Congress failed to pass healthcare reform. Trump campaigned on healthcare reform, and it is important that he keeps his promise. Some are arguing against it, though, as executive orders are not exactly the most conservative legislative tactic.
That it is an executive order is a downside to President Trump’s decision, but the order’s content does enact many positive, conservative policies.
What Does the Order Do?
Referring to the executive order, President Trump stated
The competition will be staggering. Insurance companies will be fighting to get every single person signed up. And you will be hopefully negotiating, negotiating, negotiating. And you’ll get such low prices for such great care.
First, the order allows insurers to sell across state lines. This helps small businesses by expanding association health plan (AHP) access, which helps those businesses avoid many of the expensive requirements of the Affordable Care Act. This, in turn, provides Americans with more affordable insurance options.
The order also outlines additional methods of ensuring market competition. It expands access to less expensive options, lowers barriers to entry, and provides more information to Americans about their insurance so they can make more informed decisions based on their own personal needs.
We must honestly admit that this is no Obamacare repeal. But, allowing insurers to sell across state lines and expanding AHP access are both very good things.
Ultimately, the executive order allows for greater competition within the insurance market. Increasing options drives down prices because it forces insurers to remain competitive, only charging what consumers are willing to pay, because consumers know that more affordable options are available.
Maximum options in any market are incredibly important, and especially so within the healthcare market. Every family and every individual has unique and specific healthcare needs, and no one should have to pay for more coverage than they want or need.