ACA Repeal Update

The GOP held a retreat to try to iron out a replacement plan for the Affordable Care Act.  While they are trying to put a good face on the results, according to Bloomberg, the retreat produced basically nothing.

Either they repeal it without a replacement, or this is going to take longer than Trump wants.

What to know:

  • If you have health insurance now, you should be good until year end.
  • If you don’t, you need to do so before the GOP gets its act together.  Prices will go up after that, possibly  by a large amount.
  • If you have a pre-existing condition, you need coverage now.  You might not be able to get any coverage, much less affordable coverage, under the GOP plan.  Trump has backed away from his commitment of “insurance for everyone.”

 


Sources:

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