As inauguration day approaches, full or partial ACA repeal seems inevitable. On January 12, 2017, the Senate set the stage for repeal through the reconciliation process by passing a budget blueprint measure. This procedural bill instructs House and Senate Committees to develop repeal legislation by January 27. The Trump administration and Republican-led Congress’s ACA replacement plan, however, is still unknown. During the 2016 presidential campaign, President-elect Trump offered seven reforms to the ACA, all touted to lower healthcare costs.
In Part 1 of this white paper, we addressed the potential repeal of Obamacare; the possibility of allowing health insurance to be sold across state lines; and the implications of changing Medicaid into a block-grant program to the states.
In Part 2, we address the remaining points below and related elements from GOP-aligned ACA replacement plans.
- Allowing individuals to fully deduct health insurance premium payments on their tax returns
- Allowing individuals to use Health Savings Accounts (HSAs)
- Requiring price transparency from all healthcare providers, especially doctors
- Removing barriers to entry into free markets for drug providers that offer safe, reliable, and cheaper products