The Trump administration on Tuesday pushed through its second major rewrite of the Affordable Care Act.
In doing so, the president has moved to make the ACA a much more expensive, time-consuming and unpopular piece of legislation, even as it continues to generate more controversy.
In other words, the Republican Party’s health care effort is in much better shape than many predicted.
Here’s what you need to know about this key piece of Trumpcare legislation.
*Trump Administration pushes for two major changes to Obamacare: Repeal-and-replace and stabilization coverage article The administration on Monday pushed through a second major overhaul of the ACA, a bill that was passed by Congress in the summer.
The new legislation will replace the law’s two major components, or exchanges, with a new system that will give Americans access to more choices and lower costs, and the stabilization coverage that comes with it.
The legislation will also offer insurance plans that cover more people in rural areas, provide more generous subsidies for older Americans and give young adults greater access to affordable coverage.
But the administration also has put forth a number of changes to the existing system, like eliminating the ACA’s insurance subsidies for individuals who earn up to 400 percent of the federal poverty level, which has been a sticking point for conservatives.
Trump is also pushing to create new subsidies to help people afford premiums, but it remains unclear whether these will be enough to pay for the vast majority of people’s insurance.
Meanwhile, the stabilization system will offer plans with lower premiums, less cost sharing, and less out-of-pocket expenses, the administration said in a statement.
*The Trump administration is making a lot of noise about health care but has not made it clear whether it is in the best shape to make big changes or not.
Here are five things we know so far: *The administration is in a rush to make changes to health care: *As it seeks to rewrite the law, the Trump administration has taken several steps to get it right, from proposing to eliminate the ACA mandate that all Americans purchase health insurance or pay a penalty, to proposing to create an insurance marketplace that would be run by a government.
The administration also announced that it is working on an insurance reform law to replace the ACA and that it will hold a town hall meeting on health care reform on May 15.
Trump has not said whether he is in favor of the repeal-and, replace-and stabilization plans that are currently being considered.
*Some of the changes the administration is pushing are not going to be very popular with Americans, though: *First, the plan to eliminate subsidies for the ACA marketplaces will save the federal government millions of dollars, according to the administration.
That will save billions of dollars for the federal budget and reduce the number of uninsured people by about 7 million.
The White House is also expected to announce that the stabilization market will be run in partnership with the federal Medicaid program, but many Democrats and Republicans have expressed concern about the viability of the stabilization program.
*Second, the proposal to eliminate insurance mandates for individuals earning up to 150 percent of federal poverty limits will cost the government $150 billion, according the administration, which will save millions of Americans billions of tax dollars and reduce coverage for millions more.
The Trump Administration also announced a $100 billion cap on out- of-pocket costs for older and sicker Americans.
*Third, the Administration is pushing for the creation of a “premium support” program to give low- and moderate-income Americans access for cheaper premiums and help them afford premiums.
This could lead to the expansion of the Medicaid program and could also help those who are already in the insurance market, but will likely face higher premiums, said Alex Moe, a senior fellow at the Kaiser Family Foundation.
*Fourth, the new stabilization coverage is not guaranteed to cover everyone: The stabilization market is expected to offer plans that offer lower premiums and more coverage, but this may not be enough for millions of people, Moe said.
In fact, the CBO estimated that the premiums in the stabilization plan will not be lower than those of the existing exchanges.
And while many of the subsidies and subsidies to people with preexisting conditions would be covered, those will likely only be paid for by people who have coverage through their employer.
*Fifth, Trump is likely to use the stabilization bill to push for a massive tax cut, which is not popular among Democrats: While the stabilization law does provide tax cuts to the rich, the Congressional Budget Office projects that the tax cut will be only a partial subsidy for the wealthy.
Trump will likely not use the stabilizing bill to offset the tax cuts for the rich that are part of the law.
Instead, he may use the law as a springboard to enact tax cuts that will help the wealthy, like a doubling of the child tax credit, which can provide up to $5,000 in tax relief per child, and perhaps as much as $12,000 per child for married couples.
This would likely help those