The GOP's multiple tries to substitute Affordable Care Act (ACA) with another of its own has died a gory death. With the embarrassment of the Republican top brass, its efforts to simply repeal the ACA is also near death. President Donald J. Trump knows this and has thus uttered that he and his administration will simply allow Obamacare, the colloquial term for the ACA, to fail. He said this after the GOP leaders failed in their endeavor to acquire sufficient votes so that they can destroy the said law.
Obama's biggest achievement
The ACA was a signature achievement of the Obama administration. The bill was signed into law on March 3, 2010. This led to radical changes in the rules and the regulations present in the healthcare industry. One element which stood out was the individual compulsion of needing every American to buy a policy. Insurance companies were forbidden to deny any coverage based on any pre-existing conditions. Young adults were also permitted to remain on plans covering their parents until they reach 26 years of age.
The ACA, it is being seen, has led to an increased number of Americans being covered under the umbrella of health insurance. As per the Department of Health and Human Services, about 12 million US residents have purchased policies via HealthCare.gov marketplace. A number of studies discovered that 21 percent of people who signed up in 2017 did it for the first time in their lives. It is observed that about 63 percent of users belong to the 18 to 55 age group. About 54 percent are female.
If the law is repealed, these policies may be extinguished. However, it will also abolish the financial burden which is imposed on small businesses and also individuals trying to afford basic healthcare. The IRS has revealed that about eight million Americans took the option to pay the $695 tax imposed on every adult instead of buying policies.
Republican deja vu
For Republicans, the preceding few days were not kind to them. President Trump and Senator Mitch McConnell were outsmarted by the base Republican Senators who denied them the right to push forward their schemes of repealing the ACA. The death blow to repeal was dealt by three Republican women Senators-West Virginia's Shelley Moore Capito, Maine's Susan Collins, and Alaska's Lisa Murkowski. All three women have literally shut the door on the all-male GOP working group. Sean Spicer, the press secretary of the White House, said on July 18 that all Republican Senators have been sent an invite to lunch at the White House. The subject of discussion would presumably be healthcare.