Sanford on President's Healthcare Executive Order
WASHINGTON, DC - Today, Representative Mark Sanford released the following statement after President Trump announced his healthcare executive order:
“Americans should be given more choice in healthcare and at a lower cost. It’s as simple as that. And that’s what I tried to achieve with the Obamacare Replacement Act, a bill that I introduced with Senator Rand Paul earlier this year.”
The Obamacare Replacement Act, which was officially endorsed by the House Freedom Caucus, would repeal those aspects of Obamacare that acted as the main drivers of increased prices and premiums and replaces them with a free market, patient-centered, and consumer-driven healthcare system. Among other things, this bill would 1) legalize inexpensive insurance plans; 2) help individuals to buy insurance across state lines; and 3) allow individuals to band together to purchase insurance increasing their purchasing power. These are all aspects of President Trump’s new plan.
“Accordingly, I’m cautiously optimistic about the president’s plan that could lead to small businesses and individuals banding together and buying insurance across state lines, which would give increased bargaining power and lead to lower prices. Indeed, these plans could be exempt from some of the current regulations mandating what must be covered, which would drop the prices even lower.
“And the icing on the cake? This plan isn’t another government mandate. Instead, it could remove regulations and legalize choice, which would encourage a more competitive marketplace and expand options thereby leading to a more sustainable healthcare system.”