AgileHealthInsurance Report | 2017-03-22
Republican Efforts To “Repeal and Replace” Have Taken Many Turns Since Early 2017:
Some of the key efforts were:
The AHCA was pulled from vote in March 2017 once House Republicans realized it was not going to have the votes to pass.Following several attempts to pass of various iterations, Congressional Republican leaders have put the Repeal and Replace strategy on the backburner, and have chosen to use other measures such as tax reform, and departmental regulations to make changes to the Affordable Care Act.
In October 2017, President Trump signed the "Presidential Executive Order Promoting Healthcare Choice and Competition Across the United States", which requires the Treasury, Health and Human Services, and other federal agencies to make regulatory changes to the way the ACA is enforced. Among the many changes ordered are, the ability for consumers to be able to purchase insurance across state lines, lengthening the coverage term for Short Term Medical Insurance, and allowing more flexibility within health reimbursement accounts.
On December 22nd 2017, A tax reform bill was signed that removes the tax penalty currently associated with the individual mandate in the Affordable Care Act. Effectively, this enables consumers to purchase health insurance and other options outside of the ACA.