Quick News Spot

Donald Trump's Second Term Could Reshape US Healthcare System, With Major Impacts on Affordable Care Act And Medicare


Donald Trump's Second Term Could Reshape US Healthcare System, With Major Impacts on Affordable Care Act And Medicare

On Wednesday, Donald Trump, the Republican candidate and former president, was elected to the highest office again, marking a return to an administration. His second term is likely to impact U.S. healthcare.

Trump has been unclear about his healthcare policy goals during his campaign. Healthcare ranked lower than issues like the economy and immigration in voter concerns.

A poll from the Associated Press found that only 8% of voters viewed healthcare as their top issue, compared to 39% who chose the economy and 20% who picked immigration. Abortion was the leading issue for 11% of voters.

Don't Miss:

Despite his focus on "Make America Healthy Again," millions of Americans may lose health insurance subsidies next year, depending on the political climate after the election and the Republicans' control of the Senate.

The subsidies, expanded under the 2021 American Rescue Plan, help many, particularly the middle class, afford health insurance through the Affordable Care Act (ACA).

These subsidies are set to expire at the end of 2025, and it remains uncertain whether they will be extended under the new administration.

Trump and other Republicans have opposed continuing the subsidies.

Trending: Studies show that many individuals with incomes in top 5% or 10% of earners do not recognize themselves as high earners and foregoing higher tax-efficient investment strategies. That's why this fintech company provides a FREE financial advisor matching tool that is customized to your financial goals.

The NBC News report, citing some analysts, suggests that the chances of extension could be less than 5% if Republicans win control of the House and the Senate.

Even if Democrats control the House, extending these subsidies seems unlikely. Without an extension, nearly 4 million Americans could lose coverage by 2026 due to unaffordable premiums.

The 2021 changes led to a surge in ACA enrollment, with 15.5 million people benefiting from subsidies across 32 states. The report adds that if the subsidies aren't renewed, up to 15.4 million Americans could lose health coverage by 2030.

Another significant issue is Trump's stance on Medicare. As president, he supported Medicare Advantage, a private insurer-run program that could eventually replace traditional, government-run Medicare.

Trending: How do billionaires pay less in income tax than you? Tax deferring is their number one strategy.

The NPR report highlights that critics argue that expanding private insurers could increase costs for taxpayers and limit care, with some beneficiaries finding it difficult to switch back to traditional Medicare.

Previous articleNext article

POPULAR CATEGORY

corporate

3409

tech

3683

entertainment

4142

research

1787

misc

4393

wellness

3263

athletics

4289