President Trump signed an executive order on January 20, 2017 to lessen the economic burden of the Patient Protection and Affordable Care Act (PPACA).
Highlighting the Administration’s desire for a prompt repeal of the health law, the executive order outlined several actions that minimize both “unwarranted” economic and regulatory burdens, provide more flexibility to states, and establish a healthcare market that is more free and open.
While lawmakers work on a repeal and replacement plan, here are 5 things you should know.
The executive order will:
- End the individual mandate.
- Expand Medicaid waivers and provide states more flexibility to implement healthcare programs.
- Encourage the creation of interstate insurance markets to “the maximum extent permitted by the law.”
- Remove ACA taxes, including some placed on health insurance and pharmaceutical companies, in addition to waiving PPACA taxes, fees, and penalties.
- Grant leaders of the Department of Health and Human Services (HHS) and other agencies to exercise greater discretion. This includes the ability to waive, defer, or grant an exception to any provision that would impose a fiscal burden on a state or place a financial or regulatory burden (cost, fee tax, penalty) on individuals, families, healthcare providers, and patients.
The views and opinions expressed by the authors on this blog website and those providing comments are theirs alone, and do not reflect the opinions of Softheon, Inc. (dba Welltheos).
I earned my BAA from the State University of New York at Stony Brook and MBA in Healthcare Administration from the University of Ohio (Athens). I was born and raised on Long Island, NY and enjoy capturing what the island has to offer through photography.
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