The President shone a spotlight on the sin of rescission -- the process by which insurance companies protect their profits by dumping customers when they get sick.
Within months of legislation being enacted, it requires plans to cover adult dependents up to age 26, prohibits rescissions, mandates that plans have a stronger appeals process, and requires State insurance authorities to conduct annual rate review, backed up by the oversight of the HHS Secretary.
The plaintiffs argue that Trump's DACA rescission violates the Constitution's Equal Protection and Due Process Clauses, the Administrative Procedure Act and the Regulatory Flexibility Act.
Under Mr. Obama's proposed legislation to expedite and strengthen the process in a president's favor, Congress would have to vote on any rescissions.
Second, he has never asked Congress for a budget rescission.
The "rescission" of exercised stock options is the latest fad in corporate executive suites.
State laws granting rescission rights were consolidated in federal "truth in lending" laws in 1968.
In practice, one of the ways that rescissions have worked is that lenders faced with rescission have instead modified the loans, by reducing principal and setting new repayment terms.
In theory, dropping coverage, or "rescission", is illegal as of September 23rd, six months from the date of signing.
Not unexpectedly, the Catholic bishops issued a statement renewing their call for "legislative action on religious liberty," and calling rescission of the mandate the "only complete solution".
