The new president signalled his intention to trash Obamacare, the Affordable Care Act, with his second Executive Order on inauguration day 2017 (his first order was to cancel a mortgage benefit for the middle class). The president has not been forthcoming about what will replace the Affordable Care Act. The clock has not stopped ticking, though, and insurers are not clear what terms they can offer given that open enrollment is done and reform is on its way.
TODAY, the administration put a timeline on what had been hinted: They will roll out plans in MARCH.
Details of the plan are of course not yet available but for an early look, I suggest we turn to this release from the Ranking Democrat on the Ways and Means Subcommittee on Health, Sander Levin:
“First, Republicans are considering capping the current exclusion for taxing employer-sponsored health benefits. Not only will this raise taxes on Americans, it will reduce the present incentive for employers to continue to provide health insurance to their workers. Second,…”