Replacing Obamacare Brings Serious Political Risks For Republicans

After Congress narrowly passed a revised healthcare bill last week that was rushed before a new Congressional Budget Office score with little chance of it moving forward in the Senate and Republican Congressional leadership divided over the political risks they are willing to undergo to overturn Obamacare with midterm elections looming around the corner in 2018, President Trump’s domestic agenda could face some real headwinds in the weeks ahead.

The size and scope of President Trump’s tax cut and tax reform plans, which contains few spelled out details, still remains largely contingent on what occurs first with political efforts to tackle healthcare and lower federal healthcare spending by driving costs away from the federal government to states through deep Medicaid cuts and reductions in Medicaid expansions.

While taking a victory lap before reporters on May 4th at the White House garden with other House Republicans, President Trump voyaged out into murky waters and predicted that the Senate will approve the current unscored House plan and said that healthcare premium costs will move lower, a claim which is at best only a half-truth.

“And I think, most importantly, yes, premiums will be coming down.  Yes, deductibles will be coming down” President Trump declared from the White House Rose Garden during the May 4th press conference.

Based on analysis of the March scoring of the original Republican healthcare bill, the American Healthcare Act, actual healthcare premium costs will move higher by 10-15 percent for Americans in the nongroup market until 2020 when premium costs begin to drive lower.

Increasing healthcare premiums for millions of Americans during the next 3 years, raising the number of uninsured Americans to 21 million by 2010, and leaving states to pick up the healthcare costs of their citizens are serious political risks that clearly has the potential to sting Republicans in future elections.

President Trump is already stuck with very low presidential approval ratings.

Based on a new Gallup poll released on Saturday, the president’s approval rating is just 40 percent with 54 percent disapproving.

A RealClear Politics average of all major presidential approval rating polls from 4/17- 5/5 shows that President Trump remains stuck in the low 40’s, a historic low at this early stage of his presidency, and carries just a 43.1 percent approval rating with 51.8 percent disapproving.

Written and Edited By:

Johnathan Schweitzer

@SchweitzFinance

schweitz31@gmail.com

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