ACA Repeal Effort Edges Forward, Still Little Clarity on Timeline for Replacement

via Lockton Benefits Group

This week, Congressional Republicans cleared important procedural hurdles on the path to repealing several components of the Affordable Care Act, including the individual and employer mandate penalties. GOP infighting, however, continued to prevent any consensus on the timing of replacement legislation.

Clearing the Way for Budget Reconciliation, the Gateway to Repeal

Both the House and Senate passed a non-binding budget resolution that paves the way for the Senate to pass an ACA repeal bill through the filibuster-proof reconciliation process.

Lockton comment: The budget resolution doesn’t contain actual repeal language. Instead, it directs specific committees in Congress to prepare language reconciling the resolution’s budget objectives with current law. The language these committees will prepare, to implement that reconciliation, will provide for the repeal of the ACA, at least in part. The committees are asked to prepare that language by Jan. 27.

Read the full article here

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Eric is a Producer at Lockton Insurance Brokers, Inc., the world’s largest privately held commercial broker. Eric has over 23 years of experience in the insurance industry and has spent the last 11 years with Lockton. Eric specializes in Health & Welfare Benefits, Retirement Planning, and Executive Benefits. Eric's clients utilize his expertise in the areas of Plan Due Diligence, Transaction Structure, Fiduciary Oversight, Investment Design, Compliance and Vendor negotiation to improve the operational & financial outcome for each client. The Benefit Blog is a place to share that expertise and industry news.
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