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Congressional GOP Back President's Call to Overhaul Affordable Care Act

US lawmakers are working through the weekend for the initial time since the government shutdown began more than a month ago, but hopes for a cross-party deal on how to resolve the impasse appeared to recede as GOP senators floated a plan unacceptable to Democrats: scrapping the ACA, known as Obamacare.

Growing Consequences of Federal Closure

The effect on Americans from the lengthiest closure of the US government in history worsened on Saturday, as federal workers went without pay, airlines were forced to ground planes and SNAP benefits have been postponed for 42 million Americans.

President's Plan from Florida Resort

As Saturday's meeting got under way, Republican senators embraced a proposal made on online platforms early Saturday by Donald Trump from his resort in West Palm Beach, for government payments to be substituted by HSA-style accounts.

"I am recommending to Senate Republicans that the Billions of Dollars currently being sent to profit-driven 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 Support

Several Republican senators welcomed the plan, which is comparable with a replacement for Obamacare put forward in 2017.

"We're going to replace this broken system with something that is truly better for the consumer," one senator stated.

Another senator commended Trump's proposal on social media, and stood next to a large print of Trump's post as he spoke on the Senate floor.

"I'm writing the bill right now," a third senator posted in reply to Trump's suggestion. "We need to stop public funds from going to insurance companies and instead give it straight to Americans in HSA-style accounts and let them buy the health care they want."

Democratic Reaction

Opposition lawmakers expressed alarmed reactions to Trump's proposal.

"Essentially, Donald Trump's 'proposal' for health care is another cynical attempt to repeal Obamacare," one Democratic senator commented. "This is the same failed Republican plan that's been defeated by voters and Congress."

Another senator reacted to the censure of insurance companies by posting: "Oh, Trump and the Republicans dislike how the large insurance companies are ripping-off Americans. Seriously? In that case I applaud your support for Medicare for All."

Ongoing Talks

The Senate went into recess without reaching a resolution, but Senate Republican leaders have signaled an willingness to an developing proposal from a handful of moderate Democrats to end the closure in exchange for a later vote on the ACA subsidies.

One Democratic senator, who is spearheading the negotiations among moderates, said that Democrats "require another path forward" after Republicans rejected an proposal to restart the government and extend the subsidies for a year.

Another senior Democratic senator persisted in arguing that Republicans should accept a 12-month continuation of the payments before discussing the long-term of the tax credits.

"Inaction is irresponsible because people will go bankrupt, people will become uninsured, people will get more ill," the senator said in a floor speech. "That's what will happen if this Congress fails to act."

Partisan Dynamics

None of the Republican senators seemed to grapple with the fact that consumers would still need to buy coverage from the same carriers, or that Republican lawmakers need the backing of several Democrats to restart the government, and the concept of eliminating and substituting Obamacare with savings accounts is improbable to earn a single Democratic vote.

Several observers suggested that the core of such a plan would eliminate the ACA's requirement that carriers cover patients with existing health issues.

After his golf outing, Trump went back to his residence and reiterated on his insistence that Republicans stop seeking compromise and try instead to eliminate and replace Obamacare with a iteration of the proposal that failed to garner enough support in 2017.

About the author

Amber Jones

Financial analyst specializing in commodity markets with over a decade of experience in precious metals trading.

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