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Congress has begun repealing Obamacare

 

The ObamaCare repeal is underway. The GOP seem gung-ho on ridding Americans of universal health insurance and the first step they have taken is defunding Planned Parenthood. House Speaker Paul Ryan announced Thursday that the GOP would cut federal dollars for Planned Parenthood in order to repeal the health care law. According to the Chicago Tribune, “The defunding measure would take away roughly $400 million in Medicaid money from the group in the year after enactment, according to the nonpartisan Congressional Budget Office, and would result in roughly 400,000 women losing access to care. One factor is that being enrolled in Medicaid doesn’t guarantee access to a doctor, so women denied Medicaid services from Planned Parenthood may not be able to find replacement care.”

The repeal of ObamaCare for small business has begun as well.  Back in December of last year, President Obama signed the 21st Century Cures Act in an effort to reform the Food and Drug Administration. The most intriguing thing about the new law is what was added onto the end of the bill…“section 18001 of the 21st Century Cures Act expands the use of Health Reimbursement Arrangements (HRAs) by small businesses.” Now this could be considered a win for Republicans since the new bill allows employers to give workers money directly to spend on medical care which cuts out the middle man and health insurer bureaucrats. Under ObamaCare employers were limited when it came to funding vehicles. According to John Graham, contributor for Forbes, said, “The 21st Century Cures Act removes the ObamaCare’s excise tax on small businesses using HRA to fund employees’ medical spending, instead of overpriced health insurance.”

We can expect more reforms similar to HRA in the near future with our steadfast Congressmen and women. How do you feel about the new law and will it be beneficial for small business?

-Ray Hayes

http://www.forbes.com/sites/theapothecary/2016/12/29/obamacare-repeal-has-begun-for-small-firms/#8a8c6946a658

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