Trump administration officials are looking to repeal some regulations, but they aren’t ready to fully repeal Obamacare’s consumer protections.
The White House announced Wednesday that it will lift some of the restrictions that were put in place to keep out insurance companies that are charging too much for their policies, as well as a rule that bars insurers from charging older people more than younger ones.
The administration’s move to repeal the health care law’s consumer protection rules, which have been a thorn in the side of insurers and Republicans, is an important first step.
But it doesn’t completely eliminate the regulatory burdens on the industry, and it also comes as the administration has been working to dismantle its predecessor’s efforts to undo the health insurance reform law.
The rules have allowed insurance companies to charge older people far more than the older people buying the plans.
The president’s chief of staff, Andrew Puzder, said Wednesday that he was looking to move the rules that would be repealed to a later date.
But, as Politico first reported, the Trump administration has already signaled it would move ahead with repealing the rules and instead work with the states to repeal them on their own.
The Trump administration’s actions are also expected to come at a significant cost to the insurance companies and Republican lawmakers.
The repeal of the consumer protection rule will be a significant blow to the health insurers, many of which have said they would stay in the exchanges and pay premiums to their customers, if they are left in place.
The rule would have forced the companies to provide better information about their policies to customers and had been designed to help consumers avoid costly health insurance policies they didn’t want.
Insurers argue the rules have prevented them from cutting out people who don’t have health insurance and people with pre-existing conditions.
And many of the insurers who have supported the rule have also expressed disappointment at the administration’s decision to go ahead and repeal it.
But the administration is also looking to dismantle a set of rules designed to limit the ability of insurers to overcharge older customers, such as the one that bans insurers from giving discounts to people with incomes up to 100 percent of the poverty level.
The regulation was passed in 2014 and requires insurers to provide a discount for anyone who is at least 65 years old and older.
The regulations have been in place for nearly five years.
But they were meant to prevent insurers from undercharging older customers because they weren’t allowed to charge more to younger customers.
The federal government said Wednesday it would lift the rules as part of a broader overhaul of the Affordable Care Act, but the move isn’t finalized yet.
The announcement was the latest step in Trump’s effort to dismantle Obamacare, which is unpopular with Republicans and has been one of the main drivers of the nation’s economic decline.
The Republican president has been pushing for repeal for weeks.
He recently signed a repeal bill that included $1 trillion in spending cuts and also said the administration was working on a $1.5 trillion plan to help Americans afford insurance and avoid the costs of the ACA.
The health care bill that passed Congress included a number of provisions that could be undone, but Trump’s administration is likely to continue working on repeal.