Healthcare’s Future: What Happened Since The Election

The elections of 2016 brought about a significant change in the way American healthcare was run in the previous years. ObamaCare slowly took a toll as Donald Trump made his way into presidency:

“’17 is going to be a disaster cost-wise for Obamacare. It’s going to explode in ’17.” (ABC News)

According to Trump, the healthcare system of the United States needed a lot of work and that is exactly what the president was aiming at- a brighter future for healthcare. Over the years, the growth in presidency brought about a growth in the health plans of individual citizens, however, recently Trump raised an uproar in the repealing of ObamaCare.

This post will discuss the major changes that have been brought about as Donald Trump took over presidency and whether or not the Republicans insight of ObamaCare brought success. Here we will discuss the aims, challenges and the proposals that was brought in by the elections. However, to understand how the healthcare system made drastic changes in the recent years, it’s important to first understand what exactly the ObamaCare was.

What is ObamaCare?

To put it in very simple terms, ObamaCare is a Patient Protection and Affordable Care Act made in 2010 which simply aims to make health insurance a mandatory option for every individual. Enacted by the 111th United States Congress, President Barak Obama finally turned it into a law on the March of 2010. Its main goals were:

  • An increase in health insurance coverage on the citizens
  • Excellence in services dealing with healthcare delivery
  • A reduction in the costs of healthcare; this was done by placing restriction in the practices of certain insurance companies as well as providing tax credits for business and individuals alike.

Although this act meant that Medicaid was unable to help the underpaid citizens receiving healthcare coverage, it also means that repealing the act would result in a loss of healthcare for around 22 million Americans. ObamaCare was a holistic healthcare initiative however the rise in President Trump brought about several changes towards its improvement. Here we’ll see exactly what was the transition that took place from the previous year.

Changes in healthcare under President Trump

The debate on whether or not to repeal and replace ObamaCare is still underway, if actions are taken then 12.7 million people would be affected since they have availed the insurance granted by this program. But for better analysis, it’s important to understand how the healthcare has changed since Trump gained presidency.

#1: Mandatory insurance will no longer be available

The first step that TrumpCare talks about in the context of improving the State’s healthcare plan is to eliminate the law of mandatory insurance amongst all citizens. Where ObamaCare was in favor of every individual either receiving insurance of having to pay penalty for not having it, TrumpCare is more inclined towards granting an option of availing health insurance. While that may be the case on insurance, it’s important to note that this also comes with a cost. For citizens choosing not to avail health insurance, they will be required to pay 30% surcharge on insurance premiums for a complete year, granted they do not go more than 63 days without insurance.

#2: ObamaCare premium subsidies are to be replaced with credits on tax

This change will aim towards individuals paying for health insurance. The subsidies that were in charge of helping with the payment will be replaced by credits on the tax for those citizens that weren’t either:

  • Covered for insurance by their employer
  • Covered for insurance through a government program

Tax credits are known to range from a minimum of around $2,000 to a maximum $14,000 depending on the age and family status; meaning individuals would receive lesser credits as compared to families.

#3: States will be allowed waivers for insurers to charge more on conditions that are already pre-existing

ObamaCare prohibited insurers to charge higher premiums for individuals already possessing conditions, however, TrumpCare brought about a change in this particular aspect. With this healthcare plan, States would now be allowed to avail waivers so insurers could charge citizens more if they possess pre-existing conditions. It’s important to understand that these charges are not applied on individuals who have pre-existing plans but also a gap in their coverage. According to President Trump, this healthcare bill would be:

“Every bit as good on pre-existing conditions as Obamacare”

#4: Health savings accounts will be on an expansion

At this moment, the annual HSA or the Health Savings Account has a maximum contribution for over $3,400 for individuals and over $6,750 for families. TrumpCare is looking into bringing about a significant change from the start of 2018 to mark a start of a new year. This change will comprise on contributions owning to a maximum of $6,550 for individuals and over $13,100 for families.

These basically mark the major changes that were brought in by the new President of United States, the debate of whether or not this change favors the citizens of the States are still going strong. However, the Republicans bill still seems to be in equal favor of the people, up to an extent. The question still remains strong, is replacing the ObamaCare really a good idea?

You can find more discussions on similar topics to completely understand how healthcare is really working its way towards the top by visiting The Almost Doctor’s Channel.

1495 Total Views 10 Views Today

The Doctor's Channel

Take a bite from the adults' table. The Doctor’s Channel is the world’s leading video site for physicians. Get the latest news in clinical medicine, disease resource centers, CME programs, and Doc Life, all in under 3 mins or less.