Topic: Minimizing the Economic Burden of Affordable Care Act Pending Repeal
On President Trump’s first day in office we all heard about the executive order (EO) he signed “Minimizing the Economic Burden of Affordable Care Act Pending Repeal.” Basically, to put it in plain English, what this EO did was give the departments and agencies associated with enforcing the Affordable Care Act (ACA) the authority to ensure the law is being implemented and ease the burden of the ACA during this transition to repeal and replace.
Did the Executive order repeal Obamacare?
No, the EO did not repeal any part of Obamacare or the ACA and does not directly mention any legislation or regulation that President Trump is directing to be eased, repealed, rescinded or amended. This EO just re-enforces the power that Congress, the departments and the agencies already have to move so that changes can be made quickly to ease the economic burden of affordable care act.
Freedom Benefit Solutions will continue to keep you updated on any other EOs, legislation or regulations as they are released. Until then, all statutes and regulations originally enacted by the ACA continue to be in place.
What about my policy?
At this time, we do not recommend making any changes to your current policy. We do however recommend selecting a plan for 2017 as if no changes will be made by the Trump administration. We are not certain how long the repeal and replace process will take, nor if the penalty will still be in effect during that time. We have many different plans to choose from, and can help you decide which plan may be best to fit your needs and budget. Call or get a FREE QUOTE today! Open enrollment ends Jan 31, 2017.
Click here to view the executive order “Minimizing the Economic Burden of Affordable Care Act Pending Repeal.”