The latest push by Trump to destroy Obama Care has been tough for some. The insurance companies are already crying out. Health stocks have plummeted and many people will lose out on medical insurance.
Trump has been really enjoying the results of his Executive Order. After health insurance stocks fell Trump tweeted how happy he was about it.
He tweeted “health insurance stocks, which have gone through the roof during the ObamaCare years, plunged yesterday after I ended their Dems windfall!”
He also said “that money is a subsidy for insurance companies. Take a look at their stocks. Look where they are. They’re going through the roof.”
Trump also said he was proud of the signing of the Executive Order.
Insurance Companies
The move by Trump was followed by a letter from insurers and hospital associations. The letter was addressed to Congress.
The letter read “there will be serious consequences without Congressional action. Millions will face higher premiums, fewer choices, and less access to the medical care they need. Let’s work together on solutions that deliver the access, care, and coverage that the American people deserve.”
This clearly means that many people will suffer the most from Trump’s order. Many Americans already find it hard to afford premiums, this only makes matters worse.
The President tweeted “money pouring into Insurance Companies profits, under the guise of ObamaCare, is over. They have made a fortune. Dems must get smart & deal!”
