The Trump administration’s mission to “repeal and replace” the Affordable Care Act cannot be executed without serious consequences, Mark Cuban told CNBC on Friday.
“On Obamacare, there’s no chance they could do it right,” the billionaire entrepreneur and “Shark Tank” star told “Fast Money Halftime Report.”
Cuban said there are three major stakeholders in the ACA that could take a hit from a repeal: insurers, health-care providers, and consumers.
“Who is going to take less?” Cuban asked.
“Are the health insurers going to say, ‘You know what, we’ll take fewer profits? No. Are the health care providers going to say, ‘You can pay us less?’ Well, they’ve already been crushed in that manner.”
As a result, Cuban argued, the burden will shift to consumers.
“There’s not a whole lot left to pull out of there, so it’s going to fall on the consumers to get less coverage in some matter or another,” Cuban said.
Source : CNBC