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The Affordable Care Act (ACA): Here for Longer Than We Might Think

Only a little over one month since Trump took office, it is now becoming more evident than ever that the ACA is an albatross that might be with us a lot longer than was promised during the campaign. As published in an article by Roger Russell in the January 2017 issue of Accounting Today, Roger Harris, President of Padgett Business Services feels “it’s more than likely we’ll have the ACA for all of 2017, probably for all of 2018 and maybe longer”. As has been said by SOOOO many: “Repealing is easier than replacing – they have to give themselves time to wrestle through the economics of a new health care system, particularly because they want to continue to offer insurance for pre-existing conditions and up to” the age of “26 for young adults”. Now, as of just this morning (02/28/2017), according to Scott Wong and Jessie Hellman of TheHill.com, Tom Price’s plan for using refundable tax credits starting at $1,200 up to $3,000 to assist folks with acquiring insurance is dead before it even becomes public! Evidently, according to Wong & Hellman, a draft of proposals being considered was leaked on Monday, to which both Mark Walker (R-N.C.), Chairman of the Republican Study Committee and Mark Meadows (R-N.C.), Chairman of the Freedom Caucus, both said they could not support these proposals, saying: “the draft is not even representative of where we are”. Of course, Speaker Paul Ryan said in a Tuesday (02/28/2017) press conference: “I feel at the end of the day, when we get everything done and right, we’re going to be unified on this”. More to come!