What The Obamacare Repeal Means For Seniors

Field Marketing Organization, General, News, Obamacare March 6, 2017 0
What the Obamacare Repeal Means for Seniors | Senior Market Advisors

What The Obamacare Repeal Means For Seniors

The Affordable Care Act, or Obamacare, as it is most commonly known, will no doubt undergo significant changes in 2017. President Donald Trump has made several very public statements to the effect. And he followed his “pledge” with an Executive Order on the evening of his inauguration. No matter how you voted in the last presidential election, you can not ignore the potential impact on this important public health initiative. Professionals such as insurance agents and financial advisors who see senior adults face to face in the course of business are going to get the question. What do these changes mean to me?

Where We Are Today

Within hours of taking the oath of office, President Donald Trump signed an executive order aimed at “Rolling Back Obamacare.” This executive order, according to a CNN report, is a multi-part plan that states that the administration’s official policy is to “seek the prompt repeal” of the Affordable Care Act. While the executive order is telling, the law in place today must still be upheld. What does that mean? It means that with the new order, the new Trump administration directs the Secretary of Health and Human Services as well as other agencies to interpret regulations as loosely as allowed to minimize the financial burden on individuals, insurers, health care providers and others.

What does that mean? It means that with the new order, the new Trump administration will direct the Secretary of Health and Human Services as well as other agencies to interpret regulations as loosely as allowed to minimize the financial burden on individuals, insurers, health care providers and others. According to a report from the New York Times, the broad language gave federal agencies wide latitude to change, delay, or waive provisions of the law that they deemed overly costly for insurers, drug manufacturers, physicians, patients or state governments.  

GOP Charges Ahead With ObamaCare Repeal and Replace

Messages from leading congressional leadership may appear mixed on this subject. Why is that? Primarily because those individual leaders have seized upon a narrowly focused aspect of President Trump’s most recent remarks to Congress. It doesn’t necessarily mean that there is widespread disagreement on the subject. But it does remain crystal clear that congressional leaders will maximize the messaging to their constituents back home. In other words, they want the hometown folks to hear that they (congressional leaders) are doing what they promised during the last campaign…to Repeal and Replace ObamaCare.

New Health & Human Services Secretary Weighs In On Obamacare

Dr. Tom Price, the new HHS Secretary in remarks made today alongside Vice-President Mike Pence, while speaking to small-business leaders in Cincinnati, Ohio, stated that he categorically was behind President Trump’s assertion that a Repeal and Replace (ObamaCare) was the first priority of his new administrative role.


Some advocates are excited by that possibility. “With Dr. Price taking the helm of American health policy, doctors and patients alike have sound reasons to hope for a welcome and long-overdue change,” Robert Moffit, a senior fellow at the conservative Heritage Foundation, said in a statement when Price’s nomination was announced.

Per Kaiser Health News, some “repeal and replace” advocates are excited by that possibility. “With Dr. Price taking the helm of American health policy, doctors and patients alike have sound reasons to hope for a welcome and long-overdue change,” Robert Moffit, a senior fellow at the conservative Heritage Foundation, said in a statement when Price’s nomination was announced.

So What’s Next?

Hurry and up and wait may be on the menu as the new Trump administration digs into the enormous task of undertaking the direction of the current Affordable Care Act. Agents, please stay tuned to this blog for continued updates on this ever-evolving health care story.

Steve Dycus
Steve Dycus
Director Strategic Communications at Senior Market Advisors
Steve is a trends & brands enthusiast | Lifelong learner | Sunset addict | Food fanatic | Underdog devotee | Green grass authority | Scenic route traveler | Steve and his wife live in Franklin, TN. | Steve holds a Bachelor of Science degree from Central Michigan University; & Master of Arts from The Southern Baptist Theological Seminary.