President Donald Trump is set to sign an executive order Thursday morning dealing with the controversial issue of health care. The signing is set to take place at 11:15 a.m ET.
According to Politico, the executive order will see an overhauling of certain regulations which would, in turn, promote the increase in certain cheap, loosely regulated health care plans that do not have to adhere to Obamacare consumer protections and benefit rules.
The aim of the executive order appears to be to provide younger — and healthier — people with a cheaper health care option. Such options, however, may be exempt from particular Obamacare rules, such as covering standard benefits.
These changes would then cause the emergence of a health insurance system that lacks regulation and competes with Obamacare markets for the same customers. One possible outcome to emerge from this executive order could see those younger consumers flocking to the cheaper options (and receiving watered-down coverage) while raising the rates in the Obamacare market, which is where those with pre-existing conditions would be left to choose their plans.
Watch the president sign the executive order below, via YouTube.