President issues executive order targeting ACA

President Donald Trump wasted little time moving on the Affordable Care Act.

On Friday night, within hours of being inaugurated, he signed an executive order stating the administration's official policy is "to seek the prompt repeal" of Obamacare.

While the order does not change the law, it directs the secretary of Health and Human Services and other agencies to interpret regulations loosely in order to minimize costs on individuals, insurers, health care providers and others.

The order states agencies can "waive, defer, grant exemptions from or delay implementation of any provision or requirement" of Obamacare that imposes a burden "to the maximum extent permitted by law."

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