On January 20th, 2017 president elect Donald Trump and his Republican party will begin the process of getting rid of the affordable healthcare act, as has been attempted to so many times during President Obama’s eight-year reign.
But by unwinding the statute, the GOP would kill or recast programs that provide coverage to 20 million Americans who will be wary of anyone threatening their health insurance. That and continuing Republican rifts over how to reshape the law, pay for the replacement and avoid destabilizing health insurance markets mean party leaders have a bumpy path ahead. Read more here…
How Would the Process of Repealing “Obama Care” Commence?
The actual process that has been predicted to take place in the Daily Herald would formulate in 3 decisive steps.
- Step 1. Senate creates a new budget for the year that would invoke a procedure to start the process
- Step 2. Legislation worked to repeal the law itself, also doing away with IRS fines
- Step 3. Replace the program with a better one
There is a problem however that will need to be carefully navigated. That being the idea of so many Americans losing health coverage without an immediate solution being in place, and these aren’t small numbers. It is estimated that 9 million Americans received healthcare benefits for their first time, with around 20 million overall getting benefits from the act.
“For Republicans, the challenge is following through on the promise not just to repeal the law — because in some ways that’s easy — but to replace it,” said Lanhee Chen, Mitt Romney’s former chief policy adviser.
Dismantling the Law will Leave the GOP with a Complicated Political and Policy Conundrum:
Even if Republican lawmakers delay the repeal from going effect for some years, as they are currently discussing, the initial vote will trigger a years-long, contentious fight over how to replace the law, and unleash widespread uncertainty for patients and the insurance market.
In other words, Republicans could suddenly find themselves fielding the very kind of criticism and blame that they’ve been throwing at Democrats for years — that of having created an untenable and unpopular healthcare system. And the question over how to fill the new gaps in healthcare coverage will expose ideological divisions among conservatives. Read the rest…
Whether you are an American that has benefited from “Obamacare” or not, there are some key issues that Republicans will need to figure out, and unlike broad strokes rhetoric, it will take precise and actionable planning or we as a country will suffer.
How Does Sickness Affect Economics
While people on a personal level are much more then mere dollar signs, in the broader sense, they aren’t. That’s because our countries economic health is directly related to our physical and mental health as well.
The World Health Organization has a white paper entitled, “WHO GUIDE TO IDENTIFYING THE ECONOMIC CONSEQUENCES OF DISEASE AND INJURY.” In it, they refer to a term you may not be familiar with coined “health shocks”.
What is a Health Shock?
Measuring morbidity and mortality are key considerations for estimating the burden of disease in populations. However, only focusing on morbidity and mortality effects provides an incomplete picture of the adverse impact of ill health on human welfare. In particular, the economic consequences of poor health can be substantial.
Health ‘shocks’ − such as unexpected increases in health expenditure, reduced functional capacity and lost income or productivity − are often a primary risk factor for impoverishment (WHO, 1999; Xu et al., 2003). Poor levels of health may also adversely impact educational attainment and consequent levels of future income. At a societal level, poor population health is associated with lower savings rates, lower rates of return on capital, and lower levels of domestic and foreign investment; all of these factors can and do contribute to reductions in economic growth (Ruger et al., 2006). Download and read the WHO pdf here…
Republicans have their work cut out for them. In the 6 years of Affordable Care talks, they failed to come up with a viable solution that might have aided in their previous attempts of repealing. It does seem that in a country with so much wealth, there exists a solution.
What do you feel needs to happen in order for millions of Americans to retain healthcare in some form? Please comment below. Want more Legal Intrigue? Read about the lawsuit for 2 undecillion dollars… Yes, that’s really a number! And as always, please remember Accurate Court Reporting, a nationwide court reporting services company.