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Senate Republicans Embrace President's Proposal to Overhaul Affordable Care Act

US lawmakers are meeting during the weekend for the initial time since the federal closure began more than a month ago, but hopes for a bipartisan agreement on how to end the impasse appeared to diminish as Republican senators proposed a proposal unacceptable to Democrats: scrapping the Affordable Care Act, called Obamacare.

Growing Impact of Federal Closure

The impact on Americans from the lengthiest shutdown of the federal government in history deepened on Saturday, as government employees went unpaid, carriers were compelled to cancel flights and Supplemental Nutrition Assistance Program benefits have been postponed for 42 million Americans.

Trump's Plan from Golf Course

As Saturday's meeting got started, GOP senators welcomed a proposal made on social media early Saturday by Donald Trump from his golf course in West Palm Beach, for subsidies to be replaced by HSA-style accounts.

"I am recommending 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

Several Republican senators praised the plan, which is comparable with a alternative for Obamacare proposed in 2017.

"We will replace this failing program with something that is truly better for the consumer," one senator said.

Another senator praised Trump's suggestion on online platforms, and stood next to a large print of Trump's post as he addressed on the Senate floor.

"I'm writing the bill right now," a third senator posted in reply to Trump's proposal. "We must stop public funds from going to insurance companies and instead give it directly to Americans in health savings accounts and let them buy the medical coverage they want."

Opposition Response

Opposition senators expressed alarmed reactions to Trump's plan.

"In other words, Donald Trump's 'proposal' for health care is yet another calculated attempt to repeal Obamacare," one Democratic senator commented. "It's the same unsuccessful Republican plan that's been rejected by the public and Congress."

Another senator responded to the criticism of insurance companies by posting: "Well, Trump and the Republicans can't stand how the big, bad insurance companies are ripping-off Americans. Really? Then I welcome your support for universal healthcare."

Ongoing Negotiations

The Senate went into recess without finding a solution, but Senate Republican leaders have indicated an willingness to an emerging proposal from a small group of moderate Democrats to end the closure in return for a later vote on the ACA subsidies.

One Democratic senator, who is spearheading the negotiations among centrists, said that Democrats "need another path forward" after Republicans rejected an offer to reopen the government and continue the subsidies for a year.

Another senior Democratic lawmaker continued in maintaining that Republicans should agree to a 12-month continuation of the subsidies before negotiating the long-term of the tax credits.

"Inaction is derelict because citizens will go bankrupt, people will lose insurance, people will get sicker," the senator stated in a floor speech. "That is what will happen if this Congress does nothing."

Political Dynamics

Not one of the Republican senators seemed to grapple with the fact that consumers would still need to buy plans from the same insurance companies, or that Republican legislators need the backing of eight Democrats to restart the government, and the idea of repealing and replacing Obamacare with HSAs is unlikely to earn a solitary Democratic vote.

Several analysts indicated that the core of such a proposal would eliminate the ACA's requirement that carriers cover patients with pre-existing conditions.

After his golf outing, Trump returned to his residence and reiterated on his insistence that Republicans stop seeking compromise and try instead to eliminate and overhaul Obamacare with a version of the plan that was unsuccessful to garner enough backing in 2017.

JS
Written by

Jessica Scott

Blockchain analyst and crypto enthusiast with over 7 years of experience in digital asset markets and decentralized finance.

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