President Barack Obama’s signature healthcare legislation known as the “Affordable Care Act” is about to see its finally weeks and months. With the news of Donald Trump winning the presidential election, this makes the future of healthcare in America seem pretty uncertain. There are currently about 20 million Americans who are receiving healthcare coverage through the HealthCare.gov marketplace thanks to the Affordable Care Act, also known as Obamacare. After President-elect Donald Trump takes office, his first 100 days will likely include the repealing of Obamacare.
Trump vowed to repeal Obama’s historic healthcare legislation throughout his entire presidential campaign. Now that he’s won the presidential election and has a majority of Republicans in the House and Senate, there is nothing stopping him from repealing the Affordable Care Act. The problem is, what will happen after he does that? Will the 20 million Americans currently getting health insurance from it suddenly go back to being uninsured? Will insurance companies be able to deny people coverage again because of a preexisting condition? These are all questions up on the table.
However, there are many middle-class people who are thrilled about Obamacare being repealed because it means they no longer have to pay excessive monthly premiums every month. As for low income people who are receiving subsidies for their monthly premiums, they’ll lose their subsidies. This means either those people will no longer have health insurance or they’ll have to pay the full amount of their monthly premium, which in most cases is $200 to $300.
Trump did say that he was going to replace Obamacare with “something terrific.” Unfortunately, he has never given many specifics as to what this terrific thing is that he’s going to replace Obamacare with. This apparently didn’t seem to matter to his voters because they just wanted Obamacare repealed. No one knows if Trump is actually going to replace it with something that is supposedly better or if he won’t replace it with anything.