ACA may continue to operate until 2020.
The Affordable Care Act (ACA), popularly known as Obamacare, is hanging on by a thread. The act has proven to be resilient against the Republican efforts to repeal it and the Trump administration’s attempts to defund it. However, with premiums projected to increase a further 15 percent in 2019, the future of ACA could be dark.
It is predicted that nothing drastic is likely to happen to the ACA before the midterm elections on November 6. In fact, experts predict that Obamacare will operate until 2020 because Congress needs time to get things organized. Even so, the plan is almost repealing itself in a lot of ways. Rates are increasing, deductibles are getting higher, and more and more people are deciding to opt out of the system. There is also a level of uncertainty about the program, meaning that healthy people are deciding to go without coverage, meaning they have no financial support in place if they do fall ill or injured.
The future of the ACA relies heavily upon the results of the midterm elections. If the Republicans pick up a lot of seats, they can end Obamacare once and for all. The Trump administration seems aware of the financial burden people paying non-subsidized premiums are feeling. However, so far the Republicans have struggled to agree on an alternative. On the other hand, if the Democrats take a lot of seats, they’re likely to hold on to the Obama signature piece.
Do you have questions regarding your health insurance? Then don’t hesitate to contact the experts at Donald Weiss Insurance Services. Our dedicated team is ready to assist you with all your insurance needs.
