Friday, September 21, 2018

Donald Trump has launched a new defence of his executive order on Obamacare, saying he was “very proud” of the move and that health insurance stocks had “plunged” as a result.

The order, which removes subsidies for insurance companies, has been criticised for stranding millions of poorer families without access to healthcare. Nearly 20 million more people were able to access the medical services after the Affordable Care Act was passed.

But Mr Trump argued the Obama-era system was collapsing and in recent days repeatedly attacked health insurance companies.

“That money is a subsidy for insurance companies”, he said, adding that he did not “want to make the insurance companies rich”.

Calling on Democrats to discuss a deal with him, he said: “What it’s going to do is there’s going to be time to negotiate health care that’s going to be good for everybody.”

Nearly 20 states have filed a lawsuit against the President in light of the decision to stop the payments, which he announced late on Thursday.

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