Insurance companies, many of which rely on Medicaid and Medicare as their top revenue generators, called on the Senate to take a more moderate approach to Trumpcare than their House colleagues.
“The American Health Care Act needs important improvements to better protect low- and moderate-income families who rely on Medicaid or buy their own coverage,” Marilyn B. Tavenner, the chief executive of America’s Health Insurance Plans, the industry’s trade group, said in an assertive letter to the U.S. Senate.
Michael J. Dowling, the chief executive of Northwell Health, a large health system in New York said, “to me, this is not a reform. This is just a debacle.”
Trumpcare will also have a negative effect on entrepreneurship.
An October survey by small-business network Thumbtack which found that about one-third of 5,400 small-business owners said they had the confidence to start their own businesses because they had access to health care through the ACA.
“A huge swath of Americans are in insecure work arrangements,” Nell Abernathy of the left-leaning Roosevelt Institute, an economic research organization said. “This repeals that level of security, which was not perfect, but it was a step in the right direction.”