The system will not crash and burn
Costs for premiums will become so high and deductibles do large people will demand it be tepealed
It just seems like so much unnecessary pain and chaos.
The system will indeed ‘crash and burn’ if left unattended.
Here’s why:
Insurance companies will withdraw because Trump will not enforce the tax penalties. The only thing driving some people to Obamacare coverage were premiums of ~$175/mo vs. setting aside ~ $350/mo to pay the tax penalty.
Without a tax penalty, people will stop paying the low premiums because the coverage has extremely high deductibles. It makes no sense to pay any premium amount when the annual deductible will never be met.
Without people paying insurance for fake coverage, insurance companies will withdraw.
Thus, the system collapses.
It is all hinged on the tax penalty, the enforcement or non-enforcement thereof.
Your last statement is partially correct. People will not demand the repeal of a system that has collapsed but they will pay higher premiums for reasonable deductibles which is how it existed not more than 8 years ago.
Insurance companies will come back offering not $175/mo premiums with $8000 annual deductible (single person) but with $325/mo premium and $3000 annual deductible.
What the President wants is a freer market and no state monopolies. So in the example above, an offer of $325/mo premium with $3000 annual deductible might be countered in another state by a company offering $290/mo premium and a $2700 annual, and so on.
The President in a livestream facebook meeting with ordinary Americans at a conference table in the White House told them he wants Obamacare repealed and he wants free market policies in place soon because people are going to suffer. There were many testimonies around the table listing specific examples of horrors people were facing TODAY and what they are going to be facing this year is even drastically worse. The President is keenly aware of this and he wants to help people NOW.
But the President also stated that some of his closest advisors were telling him that it was best to let Obamacare collapse on its own but that he would suffer in the press because the press never tells the truth. The people at the table nodded in agreement.
However, it will take the better part of this year for Obamacare to collapse and it will take longer for the market to adjust. In the meantime, real people, real families are in trouble and are facing drastic decisions.