Bloomberg NEW YORK (Bloomberg) — U.S. President-elect Donald Trump reversed himself on completely eliminating the Affordable Care Act, President Barack Obama’s signature health law, saying instead he would keep two popular features and pledged no gap in coverage as it’s replaced.
In an interview with Lesley Stahl to air Sunday on “60 Minutes,” Trump said he would like to keep the portions of the law requiring coverage of pre-existing conditions and children living at home under the age of 26, according to excerpts of the interview released by CBS News.
The ban on insurers denying coverage to individuals who are sick “happens to be one of the strongest assets” of the Affordable Care Act, Trump said. He acknowledged that keeping the provision allowing children to stay on their parents’ plans for a period of time “adds cost, but it’s very much something we’re going to try and keep.”
The president-elect said he plans to repeal the law, commonly known as Obamacare, and replace it with new regulations “simultaneously.”
“I know how to do this stuff,” he said. “We’re going to repeal it and replace it. And we’re not going to have, like, a two-day period and we’re not going to have a two-year period where there’s nothing. It will be repealed and replaced. I mean, you’ll know. And it’ll be great health care for much less money.”
Earlier Friday, Trump was quoted in The Wall Street Journal as saying that Obama suggested areas of the health law to keep during his Thursday meeting with the president.
On the campaign trail, Trump called for “repealing and replacing the disaster known as Obamacare.” His initial health plan, published Thursday on his transition website, also called for scuttling the health law.Speech