There are few out there who still doubt the economic power of President Donald Trump.
Even the hardcore liberals are having a tough time figuring out just how Trump has maintained such a stellar and steady fiscal prowess while not often taking the opportunity to brag about it. CNN is purely stumped, having proclaimed several times that they think the President should brag more about the job he is doing for America’s pocketbooks.
Perhaps the President feels that he has bigger fish to fry, or the idea of succumbing to a suggestion from CNN may be far too icky for him.
In either case, the economy is roaring, and we can thank the President for that.
Now, Trump has another move prepared that could shake up the fiscal fiasco known as Obamacare, possibly to the tune of saving Americans $450 billion.
A White House Council of Economic Advisers (CEA) study released on Friday found that Americans will save $450 billion through Trump’s Obamacare reforms. The CEA suggested that Trump’s repeal of the Obamacare individual mandate and the expansion of short-term insurance plans and Association Health Plans (AHPs) will save Americans billions over the next ten years.
The White House also suggested that the benefits of Trump’s deregulatory actions saved Americans billions, increased access to more health insurance options, and did not amount to a “sabotage” of the Affordable Care Act (ACA).
One of the most prominent moves made by Trump was the promotion of short term, customizable plans.
President Trump signed an executive order in October 2017 which expanded short-term limited-duration health insurance plans.
Short-term plans allow for Americans to keep their plans for up to 364 days and to renew their plans for up to three years. Because short-term plans do not have to comply with many Obamacare insurance regulations, insurance companies can offer more customized and cheaper plans compared to the individual market.
With consumer confidence already on a meteoric rise in America, allowing this once-captured Obamacare currency to inflate public wealth could be a powder keg of prosperity just waiting to pop.
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