The Affordable Care Act has been around a lot longer than the troubled rollout of HealthCare.gov, President Obama reminded executives Tuesday.
“Many parts of the Affordable Care Act are already in place and working exactly how they’re supposed to,” he said at The Wall Street Journal’s CEO Council Meeting.
The president pointed to what he said were a number of successful Obamacare provisions that have already been implemented: better deals on employer coverage; allowing children under 26 to stay on their parents’ plans; lower prescription-drug prices for seniors; and rebates for those whose insurers are spending too much on administrative costs rather than care.
As for the website itself, Obama said the price and products were good, and that competition in the marketplace had caused insurers to bid prices that were lower than expected.
However, Obama said he has learned a few lessons from the tech side of the experience. “We probably underestimated the complexities of building out a site that works the way it should,” he said.
Obama echoed the need for reform in the procurement process for federal information technology, which has received bipartisan support in Congress recently, saying the way the government does IT procurement now is not very efficient. “There’s probably no bigger gap in the private and public sector than IT,” he said.
The president cited partisan opposition to the law as a challenge that has created a rockier rollout than he anticipated. “One side of Capitol Hill is invested in failure,” he said, which makes the process of getting the site fixed more difficult.
Yet Obama remained optimistic that the website problems would be fixed. “I am confident that the model we built off the existing insurance system will succeed,” he said. The two requirements, the president said, are getting the site working, and remarketing and rebranding the law in the current political environment.
What We're Following See More »
According to a new CNN/ORC poll, Donald Trump emerged from the GOP convention "ahead of Hillary Clinton in the race for the White House, topping her 44% to 39% in a four-way matchup including Gary Johnson (9%) and Jill Stein (3%) and by three points in a two-way head-to-head, 48% to 45%. That latter finding represents a 6-point convention bounce for Trump, which are traditionally measured in two-way matchups."
As the Democratic National Convention gets underway today in Philadelphia, some prominent Democratic candidates for U.S. Senate are nowhere to be found. "At least four candidates in major races are opting out, including Russ Feingold, who is challengingSen. Ron Johnson in Wisconsin; Rep. Ann Kirkpatrick, who is taking on Sen. John McCain in Arizona; Missouri Secretary of State Jason Kander, who is running against Sen. Roy Blunt; and Catherine Cortez Masto, who is battling Rep. Joe Heck in Nevada for the seat vacated by retiring Senate Minority Leader Harry Reid." The candidates have stated their decisions aren't motivated by a desire to avoid being tied to the Democratic nominee Hillary Clinton.
Michael Bloomberg will endorse Hillary Clinton this week in a prime-time speech. "The news is an unexpected move from Mr. Bloomberg, who has not been a member of the Democratic Party since 2000; was elected the mayor of New York City as a Republican; and later became an independent. But it reflects Mr. Bloomberg’s increasing dismay about the rise of Donald J. Trump and a determination to see that the Republican nominee is defeated."
"The Democratic Rules Committee voted overwhelmingly in favor of a major shift in the superdelegate system Saturday night after a deal was reached between" the Clinton and Sanders camps. "The committee approved nearly unanimously an amendment that preserves the existing superdelegate role for elected U.S. lawmakers and governors, but will bind the remaining superdelegates — roughly two-thirds — to primary and caucus results."