After Donald Trump’s surprising general election win, recently re-elected Kentucky senator and millennial favorite, Rand Paul, indicated that Congress would spend its first month under the new administration pushing to repeal overburdensome Obama regulations.
“I have a prediction to make this morning,” Paul said on MSNBC’s Morning Joe. “I think we’re going to spend the first month passing the repeal of Obama regulations.”
Later on Fox News, Paul suggested that repealing Obamacare specifically is a top priority among the regulations that the Republican-controlled Congress and White House will aim to address.
“The one thing I’m excited about the Trump presidency is, I think in the very first weeks of this next Congress, the Republican Congress is going to repeal some regulations, I hope half a dozen regulations or more, and we’ll get ‘em onto Trump’s desk, and I think he’ll sign them,” Paul said. “There’s all kinds of bad things about Obamacare that should end.”
Days before the election, Donald Trump vowed to call Congress into a special session to repeal the Affordable Care Act, citing its negative impact on America’s young adults.
“This is particularly unfair to millennials and younger Americans generally who will be totally crushed by these massive health care costs before they even get started in their journey through life,” he said.
Premiums under the Affordable Care Act have been on the rise lately, and young Americans are footing the bill. Rates are estimated to go up around 22 percent in 2017, costing the average 27-year-old — who, due to age and health, most likely belongs to the cheapest demographic to cover — a whopping $300 a month. The high insurance prices have caused many millennials to refuse enrollment, electing to pay a fine instead of purchasing healthcare. This in turn has led to less money being in the system and is bringing about larger fines in an attempt to convince the young and healthy to get insured.
If the new Congress and Trump administration are successful in repealing Obamacare, young Americans will be free to choose whether or not they want to buy health insurance without fear of getting stuck with a steep a penalty fee. Without expensive, government-mandated healthcare, millennials, who are already burdened with high tuition costs and student loans, will have more options for their personal lives and will experience significant financial relief.