The passage of the $1.5 trillion tax cut gives the GOP another reason to celebrate besides the obvious: in rushing to pass the tax bill, Republicans and President have effectively repealed Obamacare, argues X in The Washington Post. Purposely hidden within the bill is legislation that will kill the individual mandate, which removes the engine that makes the Affordable Care Act work. This will lead to rises in premiums for the most popular health insurance on the individual market exchanges. It is also expected to result in around 13 million losing their coverage. The new tax plan will ruin the health care system.
Despite boasting that the new tax plan will repeal Obamacare, President Trump is incorrect. Though part of the bill repeals the individual mandate, most of Obamacare actually remains in place, clarifies Jonathan Chait in New York Magazine. Medicaid expansion to cover the poor remains intact, as do subsidies for individuals to buy insurance and regulations to keep insurers from accepting only the healthy and excluding the sick. While repealing the individual mandate may make marketplaces less effective and make premiums more expensive, states that want to have a highly functioning marketplace will be able to impose a state-level mandate.