Saw the following story from CBS news about a new 2.7 billion startup, which is working with Obamacare and is connected to the Trump family, via Ivanka Trump’s brother-in-law, Joshua Kushner. Trump may not be too anxious to reapeal and replace Obamacare, but instead, fix the problems and keep it around, seeing someone in his family is involved and would lose a substantial amount of money, along with another investor, Trump advisor, Peter Thiel.
Since Obamacare’s inception, the Rethugs had the ability to work with President Obama, to fix the problems with Obamacare. Since they could not stand seeing President Obama and the Democrats inact something good, which they had failed all these decades to do, it has been nothing but Obstruction and now they don’t care how many of their own constituents they take medical insurance away from. These people, whom have never had medical insurance before and now no longer have to worry about personal bankruptcy, because of medical bills, they could not pay.
Now they know they will be able to get Medical Insurance and cover their expensive treatments and no longer have to worry about dieing, without at least having medical coverage, to see if they are able to survive. With Obamacare, many people will no longer die, because of lack of medical insurance.
Will Trump still be as anxious to repeal or replace Obamacare, when he sees his daughter Ivanka’s brother-in-law is able to benefit from it, by starting up a new insurance company, Oscar Insurance?
Trump has promised to repeal and replace Obamacare, a vow that could threaten Oscar Insurance, a $2.7 billion technology startup co-founded by Ivanka Trump’s brother-in-law, Joshua Kushner. Oscar has also received funding from Trump adviser Peter Thiel, who could face a loss on his investment if Oscar folds under a Trump-led overhaul of the 2010 Affordable Care Act.
Just three years after it was founded, Oscar appears to be ailing, but it’s not only because of Trump’s vow to dismantle the health care law. Oscar has struggled to make good on its promise to revolutionize health insurance, with Bloomberg News reporting that it had lost $45 million in just three states during the third quarter. The company is also leaving two markets, New Jersey and the Dallas area, as it seeks to manage costs.
In a blog post to Oscar customers following Trump’s victory, Kushner and co-founder Mario Schlosser wrote that they continue to believe that providing universal, affordable health care is “ethically right,” but that Obamacare has shortcomings that “any new government would have had to address.”
“Some of the current proposals being discussed would surely encourage more of the consumerization and individualization that are required to create real competition across the entire healthcare industry, and thus force necessary improvements,” they wrote.