Trump Administration is looking to unwind the Affordable Care Act

President Trumps first Executive Order on Friday, January 20th, guides federal agencies to ease the “regulatory burdens” of ObamaCare.  One of the more unpopular components of the Affordable Care Act is the requirement to buy insurance. Trump’s order directs government agencies to minimize the economic impact of the law until a replacement for ObamaCare is adopted.

The order stated that relevant agency heads “shall exercise all authority and discretion available to them to waive, defer, grant exemptions from, or delay the implementation of any provision or requirement of the Act that would impose a fiscal burden on any State or a cost, fee, tax, penalty, or regulatory burden on individuals, families, healthcare providers, health insurers, patients, recipients of healthcare services, purchasers of health insurance, or makers of medical devices, products, or medications.”

Trump made the distinction that he is not unilaterally suspending the Affordable Care Act. It remains on the books, and his directive instructs agencies to act within “the maximum extent permitted by law.”

The Executive order also directed agency heads to “encourage the development of a free and open market in interstate commerce for the offering of healthcare services and health insurance,” a key component of a replacement plan.

It may take weeks or months to discern the full impact of Trump’s directive. Departments like Health and Human Services and Treasury will have to issue policies that embody the new president’s wishes.

Changes to the United States health care system are in the works and we believe it will have a positive impact for both businesses and individuals. Health care in 2017 will see many changes.

Stay tuned….

For more information on health care in our area and how we can help you with your health insurance coverage, contact Pilkington Financial Health in Sterling, Colorado.