During the signing in the Oval Office, Trump's chief of staff Reince Priebus described the order as aimed at "minimizing the economic burden" of the 2010 Affordable Care Act, "pending repeal".
Hours after taking the oath of office, President Donald Trump followed up on his campaign pledge to try to start chipping away at Obamacare, and curb federal regulations.
However, its broad language gave federal agencies wide scope to take whatever measures they deem necessary to dismantle the ACA, before Congress can take action to repeal Obamacare.
Republicans are pledging a repeal of Obamacare and rapid votes on a replacement bill in order to prevent gaps in coverage and reassure a restless insurance industry.
Larry Levitt, vice president at the Kaiser Family Foundation, a nonprofit focused on healthcare policy, tweeted that the biggest change could be Trump's encouragement of waivers to bypass the individual mandate.
"It is not clear what practical effects will come from the order", The Hill added. He said at a Senate hearing that he was committed to seeing that Americans have "access" to health care coverage, which Democrats point out is not the same thing as guaranteeing coverage.
May's Modern Industrial Strategy Welcomed
Britain's Prime Minister Theresa May leaves the BBC's Broadcasting House in London, Britain, January 22, 2017. Upgrading our national transport infrastructure is a crucial part of that.
"I think he's been advised that he can't repeal the Affordable Care Act through executive action, and now we see where this goes", Jost says.
But changing the individual mandate could further spook insurers already anxious they were not attracting as many healthy customers as they thought. Departments like Health and Human Services and Treasury will have to issue policies that embody the new president's wishes.
While plenty of laws are in place to support Obamacare, the Trump administration can fiddle with the guidance that enables agencies to implement the ACA or loosen rules and soften the teeth used to enforce the healthcare law. Alliance Insurance Company owner, Christopher Cook, says insurance contracts are effective through the end of the year.
The president is slated to use executive orders to renegotiate the North American Free Trade Agreement, otherwise known as NAFTA, which creates a trilateral trade bloc between the three North American countries of Mexico, Canada and the U.S. Trump vowed to create major reforms to the 23-year-old trade deal which, if successful, could position the nation at the forefront of all trade negotiations moving forward.
But the repeals don't exclusively focus on eradicating Obama's historic reign: Trump will reportedly issue a five-year lobbying ban for anyone who works in the administration.
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