How To Talk To Your Insurance Provider About The ACA Repeal
- Author: Megan Austin Jan 23, 2017,
Jan 23, 2017, 0:52
I live in MA, home of the model for the Affordable Care Act. Federal agencies could use the order to stop enforcing the individual mandate, which has been the most contentious piece of the law - a move that could throw the individual insurance market into an nearly immediate spiral.
Sen. John Barrasso (R-Wyo.) said he thought the executive order "demonstrates that President Trump is committed to fixing the damage caused by Obamacare as soon as possible". The plan would replace most aspects of the Affordable Care Act and would offer lower deductibles and costs. Insurance companies rely on a mix of patients - healthy, sick, young, old - to balance out the money they gain through premiums and the money they dole out for health care.
Enacted in 2010, Obamacare aims to extends health insurance to the estimated 15 per cent of the USA population without coverage. But attempts to reform it may mean millions are again left without health insurance because they will no longer be able to afford it.
The one-page executive order was Trump's first since becoming the 45th president of the US.
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"Of the services Trump and his administration wish to repeal, which ones directly affect me the most?"
White House Chief of Staff Reince Priebus also sent a memorandum to federal agencies directing them to freeze any new or pending regulations.
That being said, there are some important questions you should ask your insurance provider if you have concerns. The Trump administration may loosen the criteria for "financial hardship", so fewer would pay the penalty, reports CNN.
We don't know what our future holds, but we know who holds the future. His party has already begun on the repeal, and potential replacement, of Barack Obama 's signature health-care law, but the task of reworking a sweeping social program six years into its lifespan is proving messy. Other parts of the law, like the tax credits to make health insurance affordable, or Medicaid expansion, are harder because they would require significant state spending.