Congress has been unable to follow through on any of their promises to the American people, most notably their promise to repeal and replace Obamacare. Last week, the Senate voted down a measure that would have repealed the disastrous healthcare bill.
President Trump, like the American people, has become fed up with Congress. That’s why he issued them a major warning.
He announced on Twitter a more pro-active tactic to get Congress to repeal and replace Obamacare. And this new route will be decidedly less carrot and a whole lot more stick.
If a new HealthCare Bill is not approved quickly, BAILOUTS for Insurance Companies and BAILOUTS for Members of Congress will end very soon!
— Donald J. Trump (@realDonaldTrump) July 29, 2017
Allen West pointed out that although Congress’ love of pork is well-documented, it is Trump’s threat to end insurance company bailouts that will not go unnoticed.
National Review reported: The Obama administration…set in train an unholy trinity of bailouts that could pay health-insurance companies $170.8 billion in the coming decade.
These bailouts are intended to compensate insurers for the massive losses they incur under Obamacare. Covering people with pre-existing conditions, for example, is, as one might imagine, not the most profitable business strategy an insurer could take.
But even with help from the government, many insurers are struggling with massive loses and respond by pulling out of the Obamacare exchanges altogether.
If Trump ends bailouts altogether, not many insurers could survive. So it’ll be interesting to see what Trump’s threat to end insurance company bailouts will have, particularly with members of Congress.
Are you FED UP with Congress for failing to get anything done? Sound off in the comments section below!