President Trump wasn’t able to get rid of Obamacare, but the White House says he found a way to make it work for everyone.
The White House Council of Economic Advisers on Friday said three of his biggest changes to the law, which Democrats call “sabotage,” will result in $450 billion in net economic benefits over the next 10 years.
The benefits flow to consumers — who will find cheaper options and won’t be fined for shirking insurance they don’t want — and to taxpayers, who won’t have to subsidize people who never wanted Obamacare plans in the first place, the analysis says.
The changes will also slash administrative costs tied to the Affordable Care Act’s regulations, according to the council.
The council, which advises the president, acknowledged tradeoffs in Mr. Trump’s push to gut Obamacare’s penalty for shirking insurance and expand the reach of cheaper, skimpier alternatives to the law’s offerings.
The White House Council of Economic Advisers on Friday said three of his biggest changes to the law, which Democrats call “sabotage,” will result in $450 billion in net economic benefits over the next 10 years.
The benefits flow to consumers — who will find cheaper options and won’t be fined for shirking insurance they don’t want — and to taxpayers, who won’t have to subsidize people who never wanted Obamacare plans in the first place, the analysis says.
The changes will also slash administrative costs tied to the Affordable Care Act’s regulations, according to the council.
The council, which advises the president, acknowledged tradeoffs in Mr. Trump’s push to gut Obamacare’s penalty for shirking insurance and expand the reach of cheaper, skimpier alternatives to the law’s offerings.
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