As Washington debates whether the country should repeal the Affordable Care Act, known as Obamacare, applicants are rushing to get covered, reportedly driving applications to a record high.
“I’m glad that the people understand the importance of getting coverage,” Donna Christensen, the former delegate for the U.S. Virgin Islands’ at-large district, told Cheddar on Wednesday.
But many still remain uninsured. According to the National Center for Health Statistics, 28.2 million people under the age of 65 did not have coverage in 2016.
For context, that's a smaller proportion than before Obamacare passed. The federal agency said that the percentage of people uninsured now stands at 9 percent, compared to 16 percent in 2010.
Many uninsured and current beneficiaries of the Act worry that a repeal would be in place by 2019 and that time is running out. However, Christensen argues that this is not the case. She says it’s going to be very hard for Congress to repeal ACA.
“The Affordable Care Act is still the law of the land,” the ex-congresswoman said, stating that she doubts a repeal would ever happen.
“It was not easy to get the law passed, but it’s going to be more difficult to take it away,” Christensen said.
She encouraged the uninsured to seek coverage by December 15th this year, pointing out that benefits will be valid into the next year.
Congressional Budget Office director Keith Hall put out a blog post on the federal agency’s website on Wednesday. He says that according to the CBO’s most recent baseline, repealing Obamacare's individual mandate would reduce the nation’s federal budget deficit by $338 billion within the next decade. That's less than the previous estimate of $416 billion, made last December.
Lenders are raising serious concerns about the Payroll Protection Program, which was scheduled to launch Friday, citing a lack of information from the government on how and if the emergency loan program will even work and leading some to opt out of it.
President Donald Trump has announced new federal guidelines recommending that Americans wear face coverings when in public. The president immediately said he had no intention of following the advice himself.
Rep. Greg Walden (R-Ore. 2nd District) supports the "basic public health protocol" is leading to drastic mitigation of the pandemic in his state of Oregon.
Stocks are falling again on Wall Street, putting the market on track for its third down week in the last four. The S&P 500, Dow and Nasdaq were each down more than 2.5%.
Kerry Kennedy, daughter of Robert F. Kennedy, and ex-wife of New York Governor Andrew Cuomo, said that RFK Human Rights has freed over 200 people in 10 cities over the last two and a half weeks. These people were put in jail and awaiting trial, some for as little as a $25 fine for an overdue parking ticket.
The governor said he has spoken with hospital administrators and understands the reluctance to give up essential equipment, but that he wants to avoid a situation where COVID-19 patients are dying in one part of the state while ventilators sit unused in another part of the state.
Stocks are falling in morning trading on Wall Street, putting the S&P 500 on track for its third down week in the last four. But the losses are much milder than what's rocked investors the last couple months.
The Trump administration is formalizing new guidance to recommend that many Americans wear face coverings in an effort to slow the spread of the new coronavirus, as the president is aggressively defending his response to the public health crisis.
The coronavirus outbreak has triggered a stunning collapse in the U.S. workforce, with 10 million people losing their jobs in the past two weeks. Meanwhile, the number of confirmed infections worldwide has hit 1 million, with more than 50,000 deaths, according to the tally kept by Johns Hopkins University.
Stock indexes turned wobbly on Wall Street Thursday, giving up most of an early gain driven by a surge in oil prices.
