February 13, 2017
Many of our clients have been asking us about the future of the ACA (Affordable Care Act) or “Obamacare.” At this time, many ideas have been presented, but no concrete plans have been released regarding the repeal of the ACA. Accordingly, we are now working with clients for 2017 as if the current regulations will apply for this year. Should this change, we will updated our clients and provide more information here on our website.
Donald Trump signed an Executive Order in the first days of his Presidency that called for the scaling back of the ACA. While the Order does allow agencies to interpret aspects of the law more freely, there have been no signs that this will actually happen. Any definitive changes to the ACA would have to go through Congress and the Senate. This process could take considerably more time.
Republicans are currently working to come up with a plan to either “repeal and replace” or “repair and replace” the Affordable Care Act. We will be hearing much more about this in the coming months since insurance companies must decide by May whether or not to participate in the individual market in 2018. Again, as soon as we know any definitive changes to the current system, we will update our clients and this site accordingly.