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Republican efforts to repeal and replace Obamacare were defeated on July 28, 2017 when all 48 Democrats and 3 Republicans voted against the Senate’s “skinny” repeal bill. To briefly recap where health reform stands:

  • the House passed the American Health Care Act (AHCA) in May.
  • the Better Care Reconciliation Act (BCRA) was introduced in the Senate in late June.
  • On July 25, 2017, Vice President Pence cast the tie-breaking vote to move forward on health care reform.

On July 28, 2017, the Senate’s efforts to pass a stripped-down version of repeal failed. The “skinny” repeal would have repealed the individual and employer mandates, temporarily repealed the medical device tax and provided more flexibility to the states to allow insurance that does not comply with Obamacare. Hours before the vote, the Congressional Budget Office reported that the bill would result in 15 million more people being uninsured next year than under Obamacare, with 16 million more in 2026 and that premiums would jump 20% next year.

Bottom line: the Affordable Care Act remains the law of the land.

What’s next?

Senator McCain called for a return to the committee process where they would hold hearings, allow input from both sides and produce a bill that truly delivers affordable health care. The future of health care reform continues to remain uncertain. We will continue to keep you apprised as new developments are released.

Benefits Square is here to help you navigate through all the changes in healthcare. We service clients throughout New Jersey, New York, Pennsylvania and Connecticut.

Call (732) 902-0020 or email info@benefitssquare.com to learn more.

 

 

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