Health and Safety


February Labor Bulletin

February 26, 2017 
Michael Jordan

The Future of Healthcare Under President Trump

President Donald Trump has signed an executive order commanding federal agencies to try to waive or delay requirements of the Affordable Care Act (ACA) that impose economic or regulatory burdens on states, families, the healthcare industry and others. In this issue of the MagnaCare Labor Bulletin we’ll take a look at how this could affect U.S. workers, many of whom are Union laborers and Trump supporters.

Trump order declares he’ll seek ‘prompt repeal’ of ACA
Employee Benefit Adviser

Tracking the Changes

Given the swiftness with which the ACA “repeal and replace” effort is moving, many are concerned about the solutions that may be introduced such as rising out-of-pocket costs and shrinking access to care.

As repeal efforts continue, it will be important to track the new options that impact workers. Local union groups are paying close attention, examining what is at stake, and urging Congress to repair the healthcare system, but leave in place provisions that have helped millions of Americans.

So far, a number of steps have been taken to begin unraveling the massive healthcare law. Sen. Dean Heller, R-Nev., introduced bipartisan legislation earlier this month aimed at killing the widely unpopular Cadillac tax.

For now, however, it’s advised that employers continue to comply with ACA mandates until new legislation has been nailed down.

U.S. Senate approves measure launching Obamacare repeal process

Reuters
The Health Care Plan Trump Voters Really Want

New York Times

Employers urged to continue ACA compliance as no repeal plan emerges
Employee Benefit News

Uncertainty Ahead

Many of the requirements under the employer mandate have been formalized through statute and regulation, so in order to effectively and completely reverse course, formal processes will need to be followed, which will take considerable time.

It is possible Republicans will use the budget reconciliation process to immediately remove key revenue provisions of the ACA, including Medicaid expansion funding and the individual and employer mandates. Some of the Republican plans to replace the ACA include a tax credit to help defray the cost of premiums, a tax-preferred savings account and a large deductible typical of catastrophic coverage.

A Kaiser Foundation study conducted in the Rust Belt region found that participants were not, for the most part, angry about their current healthcare, but simply afraid they would not be able to afford coverage for themselves and their families. They also expressed uncertainty about what President Trump planned to do, and were worried about the future of costs related to premiums, deductibles, copays and drugs.

The Health Care Plan Trump Voters Really Want

New York Times

Employers urged to continue ACA compliance as no repeal plan emerges

Keeping What Works
With a full repeal of the law, approximately 19 million people would lose insurance, a number that would increase to 24 million in all subsequent years between 2017 and 2025. Many of these uninsured would be middle-class people with significant health needs.

President Trump has stated that he wants to seek the “prompt repeal” of the law and that the government should prepare to “afford the states more flexibility and control to create a more free and open healthcare market.” While he is seeking to replace the ACA with something “better” based on free market principles, Republicans will be challenged to create a new law that will match and improve upon the ACA. Undoubtedly, repeal of this highly complex, entrenched law will deliver short- and long-term shock waves across the healthcare system, impacting employers and workers alike
What Trumpcare Might Actually Look Like
Fortune

Health Under Trump
The Atlantic

Trump’s Election May Be the Death Blow for Labor Unions
Newsweek
Trump order declares he’ll seek ‘prompt repeal’ of ACA
Employee Benefit Adviser

Employers urged to continue ACA compliance as no repeal plan emerges
Employee Benefit News

Click here to view Michael’s video on the affects of President Donald Trump’s recent executive order to waive or delay requirements of the Affordable Care Act.

February 26, 2017

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