Checkerboard is back in fashion with the White House on Tuesday after the President’s first year in office signed an executive order to make it mandatory for American businesses to offer coverage to their employees through a nationwide health care exchange.
The order was widely applauded by health insurance industry executives and Trump supporters who have pushed for the initiative.
The executive order will require all U.S. businesses to make available affordable health insurance coverage to at least 100,000 of their workers by 2020.
The White House said it will provide $2 billion in funding to expand the health insurance exchanges to cover all employees.
The White House, however, said the program will not cover employees of private companies that provide health insurance through the federal government.
As of Wednesday morning, the White Hill office of Health and Human Services, which manages the government’s health insurance programs, said its tally of employers covered through the exchange had exceeded 2.5 million people, including more than 200,000 employees at private companies.
The administration has said the expansion of the health care exchanges will help to ensure access to affordable coverage for Americans who need it most.
“With more than 50 percent of employers in the U. S. with more than 100,00 employees already on the HealthCare.gov exchange, we can no longer afford to have thousands of small businesses fail to enroll,” HHS Secretary Tom Price said in a statement on Tuesday.
“This new executive order gives employers the option to expand their enrollment through the Health Care.gov exchanges to ensure that the health of their employees is not only covered but also covered.”
The president has also signed an order to help small businesses, including providing incentives for employers to expand coverage.
The order said small businesses would get a $10,000 tax credit for the first $10 million of profits, and the same $2,500 for each subsequent $10 billion in profits.
The credit will be available to companies with 50 or fewer employees.
President Donald Trump signs an executive action on healthcare reform, May 20, 2020, in the Roosevelt Room of the White Capitol.
The President also signed a law to help businesses with the expansion and implementation of the Health Insurance Exchange.
President Trump speaks during a White House news conference on May 19, 2020.
Trump has said he wants to expand and expand the Affordable Care Act, which he says is a “massive fraud.”
The President has also said the health law has not provided enough help for people with pre-existing conditions, despite the fact that the Affordable Health Care Act requires that all Americans with pre and post-existing health conditions have insurance.
The president’s health care plan calls for $700 billion to expand insurance coverage for people over the age of 50, and $100 billion to lower deductibles and other out-of-pocket costs.
The Trump administration said in January that it would provide subsidies for some small businesses to cover up to 100,100 employees, but not all of those would be covered through an exchange.
The government’s website for the health exchange has a calculator that shows the cost of coverage for employees of small and midsize businesses with 100 or fewer full-time employees.
An estimated 5 million people are currently enrolled in the health exchanges through the government, with another 9 million receiving subsidies, according to the White Helmets, a United Way of Greater Chicago charity.