Yes, Obamacare May Be Repealed, But Don’t Panic Yet!

There is more uncertainty surrounding the inauguration of Donald Trump as the forty-fifth president of the the United States that perhaps any president in recent history, or ever. And his pledge during the campaign (albeit a bit of backpedaling since) to repeal Obamacare (the Affordable Care Act, or the “ACA”) has perhaps created the largest and stormiest clouds of doubt of any of his proposed changes.

Many lawmakers and policymakers are proclaiming that the Armageddon is nigh, but it’s too soon to panic, and ultimately the repeal of Obamacare may result in more healthcare choices for many of Americans – at least, let’s hope it does. With skyrocketing rates and insurers bailing from the market in many states, many people were left with no choices at all during the most recent enrollment cycle, which ends on January 31.

I, for one, hope that Obamacare may be repealed. This allows younger, healthier people to choose cheaper coverage of a more catastrophic nature, so that they can save money for other important things in their lives, like paying off their student loans or saving for their first house. And while I certainly don’t advocate that people go without health insurance, I do advocate for the repeal of the so-called “individual mandate,” which penalizes anyone who doesn’t have health coverage. Ultimately, it should be the right of the individual to decide how they address their own healthcare needs.

It’s likely that the changes to the current landscape will likely happen incrementally, and not in one fell swoop. I hope that the changes end up giving people more choices, not fewer, and that insurance companies are attracted back to the individual health insurance market. I hope that you’ll be able to customize the plan you end up with, and forego things like maternity coverage if you don’t want it. Many people are advocating this as one of the first changes, to implement a more “a la carte” approach to coverage than we have now.

Until this starts to shake out, the reality of today is that you still have to carry an ACA-compliant plan, unless you have special circumstances, or you opt-out of Obamacare with an healthshare plan. But stay tuned, because with a Republican president and a Republican legislature, it seems like a significant revision of health insurance policy is impending. What are your thoughts about how to improve things?

  Date posted: Wednesday, January 25th, 2017
Category: donald trump, Health Care Reform, Health Insurance

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