In an effort to provide a low-cost alternative health care plan to small businesses and self-employed individuals, the US Department of Labor has stripped several key elements from the ACA, commonly referred to as Obamacare. The new plan has no mandatory coverage for maternity and newborn care, prescription drug costs and mental health treatment, among other changes.
The drop in the price of the plan, according to insurers, medical groups and health providers, will likely push up pricing for some Americans as the new option is likely to siphon off healthy consumers, leaving behind a pool of patients with diverse issues and higher medical costs. To deliver a reduction in the cost of insurance, Republicans repealed the ‘individual mandate’ in December of 2017, along with eliminating billions of dollars of insurance subsidies. The new rule has garnered praise from Republicans for providing cheaper health insurance options to those who can’t afford Obamacare plans or do not want them.
In a statement from House Minority Leader Nancy Pelosi, “The Republicans agenda is to inflict higher costs on sick Americans just to hand tax breaks to big corporations and billionaires.”