Trump To Sign Executive Order Rolling Back Obamacare Regulations

It appears another "chat with Chuck" may result in a deal "win" for President Trump.

I called Chuck Schumer yesterday to see if the Dems want to do a great HealthCare Bill. ObamaCare is badly broken, big premiums. Who knows!

— Donald J. Trump (@realDonaldTrump) October 7, 2017

In a brief comment to reporters at The White House, Trump said this afternoon that he would be open to a one- or two-year deal as a way to reform the nation"s healthcare system...

"So if we could do a one-year deal or two-year deal as a temporary measure, you’ll have block granting ultimately to the states, which is what Republicans want."

With Republican efforts to repeal, replace, or re-anything Obamacare falling short numerous times, Trump is looking for a "win" and it appears he may get one.

The Hill reports that Trump will sign an executive order next week aimed at rolling back health insurance regulations put in place by former President Obama in an effort to undo his predecessor"s signature health care law, according to The Wall Street Journal.

The order will direct the Departments of Health and Human Services (HHS), Labor, and Treasury to make it easier for individuals to group together and purchase insurance through "association health plans," according to the report.

The president also directs the agencies in the order to roll back the Obama administration regulations of “short-term medical insurance,” which is a cheap limited protection option that the former administration claimed was did not provide adequate coverage for individuals.

The regulation requiring insurance plans to cover a set of package benefits will also be rolled back, according to The Journal.

The order is seen as an effort from the president to roll back parts of ObamaCare after his administration and Republicans failed to fulfill their seven-year campaign promise to repeal and replace the law.

While the move has been anticipated by industry officials and political observers in the days since the GOP repeal effort crashed, the move is most likely to unsettle Republicans, who have already watched Trump partner with congressional Democrats on a debt ceiling deal.