You are here: Home » PTI Stories » National » News
Business Standard

Trump chips away at Obamacare with executive order

AFP  |  Washington 

Donald Trump fired his latest salvo against Barack Obama's signature health care reforms today, making it easier for insurers to sell low-cost plans critics say would also provide less quality coverage.

After failing to repeal the reforms outright, Trump issued an executive order that would strip back some restrictions on the coverage insurers can offer.

Trump said the measure would "increase competition, increase choice" and would impact millions.

"This will cost the United States virtually nothing, and people will have great, great health care. And when I say people, I mean by the millions and millions," he said.

Democrats said the move amounted to "sabotaging the system" by creating a race to the bottom.

"If the system deteriorates, make no mistake about it, the blame will fall squarely on the president's back," Senate Democratic Minority Leader Chuck Schumer said.

While Obamacare brought millions more Americans health care coverage, Republicans argue it represents meddling in the market.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 12 2017. 23:57 IST