The truth will be Romney shouldn’t join the herd. Instead he can seize the unique opportunity he has to truly separate himself from the Senate as well as in U.S. political history.
Romney’s special opportunity will be all about Obamacare. To be more specific, the idea’s about the replacement for Obamacare which Congress as well as the White House will have to come up with to stabilize the insurance markets.
today which the tax reform law has eliminated the penalty for not having health insurance, the already depleted Obamacare exchanges will wither even more This kind of year. Even when the individual mandate was in effect, there weren’t enough enrollees to cover the enormous cost of universal health coverage. Health insurance companies have spent years complaining about This kind of, as well as today the idea will surely get worse.
As a result, more insurers will stop offering Obamacare plans providing fewer as well as more expensive choices for the many Americans who do want coverage. The Congressional Budget Office’s predictions concerning Obamacare in recent times haven’t been so great, however the CBO’s prediction which eliminating the individual mandate penalty will increase insurance premiums by 10 percent seems pretty reliable.
Republicans who are still reeling via their multiple failed efforts to replace Obamacare in 2016 will face more pressure to do something This kind of year. the idea will be exceedingly difficult to pass a replacement during an election year, however once the brand new Congress will be sworn in, the idea will be a real priority.
In This kind of environment, Congress as well as the president will have to do something.
Enter Romney, who has more experience than most Republicans on government- health insurance because of his time setting up “Romneycare” as Governor of Massachusetts.
During the 2012 presidential election, Romney insisted his plan was superior to Obamacare. Politically, Romney’s argument was a tough sell to voters because the idea was obvious which Obamacare had largely been modeled after his own program in Massachusetts.
however while Romney wasn’t able to beat President Obama, he includes a great chance to win over a critical mass of his fellow Republican as well as Democratic senators on This kind of issue.
which’s because Romney will be still a Republican, however no one will be likely to cast him as a toady for the Trump White House. which kind of designation helped elevate the importance of GOP senators like Flake as well as Corker, as well as especially Senator John McCain in Democrats’ eyes. the idea will help Romney too.
Also helping him bridge the partisan divide will be which Romney has long been an advocate for getting as many Americans covered as possible. Since 2015, he’s even softened his criticism of Obamacare on which score. This kind of too will earn him at least a chance to work with Democrats.
On the different side of the aisle, Romney’s argument for years will be which major health insurance overhauls should be made at the state level. which’s just the kind of idea which could bring more of the “state’s rights Republicans” to the table.
These factors are why Romney has the best chance of working out some kind of deal to forge a viable replacement for the ACA.
Will anything positive for U.S. consumers come out of such a Romney-brokered brand new health care law? Obviously, we’d all need to see the details before creating such a prediction about a brand new bill. however the point will be Romney will be probably one of the only people in America who can win a 2018 Senate election as well as work successfully to get a health insurance bill passed in 2019.
This kind of will be the path Romney should pursue to help not only his own reputation, however assist the entire country to move away via Trump-centered spats to a more substantive future.
Commentary by Jake Novak, CNBC.com senior columnist. Follow him on Twitter @jakejakeny.
For more insight via CNBC contributors, follow @CNBCopinion on Twitter.