With Donald Trump now officially the president-elect in the United States, there are a lot of questions regarding what his administration will do in a number of key areas, including health care. With so many people all over the country struggling with rising health insurance premiums and the rising cost of prescriptions, everyone is looking for a solution that will work for all people, regardless of income level. Even those who are well-versed in health law and policy are anxiously waiting to see what Trump will do, and some of the possibilities are listed below.
Medicaid Coverage Could Change
Many people are wondering whether the Trump Administration will end up doing away with the expanded Medicaid that took effect with the help of the Obama Administration, and the truth is that there’s a possibility that Medicaid expansion could be rolled back after all. This likely won’t happen, though, until 2018 or 2019, so there’s time to prepare. Also, the Trump Administration might replace the existing coverage with per-capita allotments or block-grants that the states could use as they deem necessary. Some states might even decide to keep existing guidelines and protocols in place.
There Might Be Amendments
Rather than totally repealing the Affordable Care Act, Trump might instead end up amending it. What he said on the campaign trail is now somewhat different from what he is saying as president-elect. For example, recently, he said that he might decide to amend Obamacare rather than replace it in its entirety. He has stated that he would keep certain provisions of the Affordable Care Act, such as the one that ensures individuals with pre-existing conditions can’t be denied coverage. He has also stated support for the idea of letting parents insure their children up to the age of 26.
Trump has laid out a few ideas that may or may not take effect under his presidency. For example, he has stated that he would like to let health insurance companies sell their plans across state lines in an effort to increase competition and choice while driving down costs.
Another idea involves letting people fully deduct the cost of their health insurance premiums. And he may even expand the use of health savings accounts, require price transparency when it comes to various health care procedures, and let prescriptions be imported into the country so that prices can go down as a result of increased competition.
When to Expect These Changes
It is not clear what changes Trump will implement as president, but it is clear that he has some plans to change the way the Affordable Care Act works. In the event that changes are made, it will take a few years before you actually see them take effect.
If you are worried about what might happen to health insurance in America under a Trump Administration, consider investing in a health care law degree that will give you the tools and skills necessary to dive into this field and make a positive difference in the lives of others.