It’s election season in America and, although it may seem like campaigning has been going on for a very long time, November 8 is rapidly approaching. Since the Affordable Care Act (ACA) affects all employers, TriNet is taking a look at the two major party candidates to get their take on ACA and what we might expect down the road, depending on who wins the presidency and which party retains power in Congress.
Hillary and health care
According to Secretary Hillary Clinton's website if she is elected to office her plan is to “defend and expand” the ACA. Her intention is to not only expand ACA into what she calls a “public option” but to open Medicare to those over 55 years of age. In addition, her site refers to:
Donald and dumping the ACA
Donald Trump's website, on the other hand, states the ACA has been an economic burden to the American people. His site refers to “runaway costs, websites that don’t work, greater rationing of care, higher premiums, less competition and fewer choices.” His intention, should he be elected, is to repeal the ACA.
To replace the ACA, Trump’s website refers to the following ideas:
No candidate is an island
Of course, neither candidate will be able to accomplish any reform on their own. The U.S. Congress has a say in what will happen to the ACA. To get a sense of how each party views this issue, let’s take a dive into the party platforms.
The Republican platform
The GOP platform is in fierce opposition to the ACA. Their platform states that the ACA “weighs like the dead hand of the past upon American medicine.”
In its place, the GOP platform proposes:
The Democrat platform
The Democrats are advocating the strengthening of the ACA with a continued push toward universal health care.
To that end, their platform proposes:
The crystal ball remains fuzzy
Trying to predict the future of ACA is like trying to predict the election itself. We have a sense of where it’s going but we won’t know until we get there. The best we can do is make sure that we stay up-to-date with changes in regulations and prepare for all outcomes. TriNet is a great partner in helping to keep your company compliant through all the iterations of ACA to come.
This communication is for informational purposes only; it is not legal, tax or accounting advice; and is not an offer to sell, buy or procure insurance.
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