ACA - Repeal and Replace?
What do the changes to the Affordable Care Act mean to your health plans?
On Inauguration Day, the Trump administration took steps to fulfill its promise to repeal and replace the Affordable Care Act. What does this mean for your health plans? Right now, very little is known about specifics of a replacement plan for the ACA.
According to an article on healthaffairs.org, plans offered to employees and their families through employment cover 150 million people in the United States, making the impact of the changes to the ACA law, even for those with employer insurance, compelling.
The Self-Insurance Institute of America (SIIA) has lobbied, successfully, to push implementation of the 40% excise tax for employers and employees, off until 2020. This tax aims to tax an employers' deduction and cap employee exclusions, effectively taxing health insurance. However, a full repeal of the "Cadillac tax" won't be known until later in the replacement process.
Some current features of the ACA Republicans are considering keeping include no waiting periods or denials for pre-existing conditions and allowing children to stay on their parent's insurance policies until age 26 which are the pieces of the law most popular with Americans. Regardless if covered under an employer or through state insurance, it's clear the ACA and upcoming changes will affect every American.
New York Times
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