Back to the drawing board…

Back to the drawing board…

Back when the House narrowly passed a Healthcare Bill set to repeal and replace the ACA, or otherwise known as Obamacare, I encouraged everyone to pump the brakes and not get too excited. If ever a bill was going to make it through the Senate, it would be one that has been significantly altered and revised from what was eventually passed in the House.

We learned early Friday morning after multiple revisions of the Better Care Reconciliation Act that the Senate chose to vote down the bill by a slim margin of 51-49, where most notably Senator John McCain made an unexpected decision to sway away from his Republican peers and vote No on a bill that some have argued has been seven years in the making.

So where do we go from here? Some in Congress are ready to move onto other agenda items, while President Trump is urging the troops to rally together and get back to the drawing board. It’s tough to tell if there will be a revised bill reintroduced and passed in the foreseeable future, and unfortunately we cannot sit around and wait to see what happens.

Groups need to prepare for the upcoming renewal year, balance budgets, and continue to track and report on cumbersome ACA items, such the 1094 and 1095 forms.

One key component to keep an eye on is the individual exchanges within each state. As some carriers have already announced their desire to no longer participate on the Marketplace, Obamacare may see a slower, but eventual death due to the lack of desire for carriers to want to offer health plans within the Marketplace parameters. Should carriers continue to lose revenue and eventually no longer participate within the Marketplace, it is unlikely that the Republican controlled House and Senate will intervene to save the day.

Sign up to receive access to our Online Enrollment resource center,
where you will find helpful articles and whitepapers
dedicated to helping you develop a paperless environment!

Meet the Author

Matt Cole Vice President, Client Strategy

Matt Cole brings a wealth of experience and knowledge within the Health and Benefits industry.  He was most recently the Manager of New Business Sales and Growth for Blue Cross Blue Shield of Michigan and also served in a variety of roles within Aon Hewitt – one of the nation’s largest Health and Welfare consulting practices. Matt focuses on market trends, carrier contracting, network and product evolution, and optimization of benefit plans.  He specializes in working with customers to create and identify long-term strategies  that are both competitive and comprehensive by design.

About the Author

×