Posted on August 21, 2016 at 7:52:01 PM EDT by 2ndDivisionVet
If politicians don't fix the Affordable Care Act, then the vulnerable Blue Cross and local HMO plans — which serve as the backbone of Obamacare — must exit, said Robert Laszewski, the President of Health Policy and Strategy Associates.
"What the politicians need to do is to understand they have got about a year to fix this," he said in an interview with CNBC's "Closing Bell."
Republicans do not want to fix the existing flaws for Obamacare, Laszewski said. Instead, they want to repeal and replace it. He added that Democrats are now stating that they would rather go to a single-payer insurance plan or a public option within a government-run plan.
Thus, the political system remains fragmented. Laszewski added that regardless of the outcome of the 2016 presidential election, the Republicans won't have enough votes to repeal or replace Obamacare. Likewise, Democrats won't have the votes to pass a public or single-payer option....
(Excerpt) Read more at cnbc.com ...
TOPICS: Business/Economy; Government; Health/Medicine; Politics
