It was expected that President Trump would begin working on repealing the Patient Protection and Affordable Care Act once he took office. On Friday, January 20, 2017 he signed an Executive Order related to the bill; however, what it will actually do to the bill is still up to interpretation. I have cut and pasted a note below that I received last night from our Government Relations team at The Council of Insurance Agents and Brokers for you to review. As it stands today, the regulatory bodies involved in the PPACA (DOL, IRS, HHS) will work out through their rule making process the undoing of: “costs, fees, penalties and regulatory burdens”.
Early, Cassidy & Schilling will be continuing to work with all of our partners from CIAB, Assurex Global, GWAHU and Benefit Advisors Network to keep you informed of the changes as they become available in the law and regulatory environment as they relate to your specific carrier, group size and region.
This evening, President Trump issued an Executive Order directing the agencies to waive, defer, grant exemptions from or delay the implementation of any provision or requirement of the ACA that imposes any cost, fee, penalty or regulatory burden on any individual, health care provider, health insurer or purchaser of health insurance (among others). It is now left to the agencies to effectuate the order.