Where Does Healthcare Reform Stand?
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- Since the collapse of congressional efforts to “repeal and replace” the Affordable Care Act (“ACA”), both President Trump and Congress have taken steps that could have a significant impact on the healthcare industry.
- President Trump issued an Executive Order that directed several government agencies to begin rulemaking efforts that could facilitate the purchase of lower-cost health insurance plans that are exempt from many of the ACA’s regulations. He also cut off Cost Sharing Reductions, which are subsidies that help low-income individuals pay for healthcare expenses.
- A bipartisan group of Senators released the “Bipartisan Health Care Stabilization Act of 2017.” If enacted, it would (i) restore Cost Sharing Reductions; (ii) facilitate the federal government’s approval of Section 1332 waiver applications that would allow states to modify some (but not all) of the ACA’s requirements; and (iii) enable anyone to purchase catastrophic plans which have low premiums but very high deductibles.