The signing of the Patient Protection and Affordable Care Act (PPACA) into law into 2010 was historic. It was the single greatest change to healthcare since the implementation of Medicare and Medicaid. But with the 2016 election looming, a great deal of change is on the horizon yet again.
With the fierce competition between Hillary Clinton and Bernie Sanders on the Democratic side and Donald Trump as the lone survivor on the Republican side, it comes as no surprise that employers (and the whole of America for that matter) are concerned over what’s to come.
After all, each candidate has their own vision of what healthcare should be. And, not surprisingly, none necessarily agree on what the best choice of action is.
In this article, we explore each candidate’s position further to guess what the future might look like and what it means for businesses just trying to remain compliant as well.
Democrats: A Single-Payer Health Care System (Sanders) vs. the PPACA (Clinton)
Clinton is an outspoken critic of Sanders’ single-payer health care system, criticizing it as a “train wreck for the poor” because it would increase costs for low-income Americans while protecting the status quo. Because Clinton is a supporter of maintaining the PPACA, she believes the transition to a new system would eliminate all progress toward universal coverage. Sanders claims Clinton and others disapprove of his program because it would mean taking on the insurance providers, and none are willing to do what he is.
On the other side of the debate is Hillary Clinton who doesn’t want to maintain the PPACA exactly as it is now, but wants to build upon it to expand universal coverage and lessen out-of-pocket costs. Obviously, staunch opponents of the Act oppose this plan but as for those who have benefitted from it since it became law, there is plenty of support.
Republicans: A Bipartisan Approach to Healthcare
Since it became law, the PPACA has not been popular amongst Republicans. No candidate has made this more apparent than Donald Trump. After all, the Affordable Care Act was approved without one GOP vote in Congress. Likewise, there has been no support from Democrats in efforts to repeal the Act.
Trump’s plan is different because he is combining the Democratic and Republican approaches to healthcare and vows to protect mainstays such as Social Security, Medicare, and Medicaid. Because Trump has come out as a noncommitted candidate to the GOP, supporters (and opponents) aren’t quite sure exactly what he’ll do to healthcare, but they know he’ll do something.
What’s the Future Hold? One of Four Very Distinct Alternatives
With the three remaining candidates, there is one thing that’s certain: Each has a very distinct plan for healthcare and what they believe is best for the country. And until the election, we can’t say for certain what will happen to healthcare or regulations businesses must meet.
Take the uncertainty out of the future by signing up for Flock, today! It’s the simplest way to remain in state and federal compliance while taking advantage of time off tracking and other tools such as centralizing data and maintaining benefits visibility 24/7 from anywhere.
What do you think: Are you concerned over the future of healthcare? Which candidate’s plan concerns you most? Share your thoughts in the comments below.