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Trump Administration Issues ObamaCare Small Business Break

Posted By Administration, Tuesday, June 18, 2019

The Trump administration says it wants to continue to help small business with its ObamaCare obligations. So a new rule has been added to the president’s executive order of 2017 and it expands insurance options.

Treasury Secretary Steven Mnuchin said the goal is to expand healthcare choices. “This new rule gives businesses a better way to offer health insurance to employees and allows workers to select coverage that best fits their and their families’ needs,” he said.

White House health care advisor Brian Blase said what the rule does is allow employers to use tax-exempted funds — or health reimbursement arrangements — and give them to workers so they can purchase insurance on the individual market. The decision will “particularly benefit smaller employers ... by creating another option for financing worker health insurance coverage,” he said.

While controversial, this one is much less controversial than the original order in 2017. The administration says that action expanded short-term health insurance plans that are cheaper for employers. They don’t — however — cover people with pre-existing conditions.

That set off a firestorm of Democrat criticism.

Department of Health and Human Services (HHS) Secretary Alex Azar said the criticism is unfair and this action proves that. “President Trump has promised Americans that he will put them in control of their healthcare,” he said. “And this expansion of health reimbursement arrangements will help deliver on that promise by providing Americans with more options that better meet their needs.”

Source link: The Hill

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