Despite your political party or how you voted on or prior to Nov. 8, 2016, the results of the 2016 election will undoubtedly impact the future of health care for the next several years in and outside of Colorado. Just how is still to be determined, but here’s a glimpse of what you might be able to expect:
The Patient Protection and Affordable Care Act (PPACA): Also known as “Obamacare.” One of the tenets of President-elect Trump’s platform and Republicans was the repeal of PPACA. In fact, House Speaker Ryan and Senate Majority Leader McConnell were already discussing that very idea yesterday. With Republican control of both Houses of Congress and the Presidency, it seems almost certain that PPACA will be repealed or altered in some way, shape or form. In order to repeal PPACA, it would require 60 votes in the U.S. Senate (to defeat a Democratic filibuster), which could be difficult with Republicans currently holding 51 seats. Alternatively, targeted changes to PPACA could be made via new proposed legislation (previously, President Obama vetoed an attempt like this in January of 2016). Either strategy could result in changes to:
- Medicaid (expansion) and Medicare
- The Employer Mandate (requiring employers with 50 full-time employees or equivalents to provide insurance)
- The Individual Mandate (requiring all individuals to have insurance coverage or make a payment for non-coverage)
- Insurance plans coverage (benefits and pre-existing conditions) and the insurance marketplace
Proposition 106 or “End-of-Life Options Act”: This Colorado proposition, also known as the “End of Life Options Act,” is modeled after Oregon’s “Death with Dignity Act” and allows adults suffering from terminal illness to take life-ending physician prescribed medication after certain conditions are met. Previously, in the last two legislative cycles in Colorado, attempts to pass similar bills were halted for various reasons, but in this election cycle, it received 64.55 percent of voting Coloradans support. More information on Proposition 106 can be found here. This new law will certainly impact health care companies and long-term care facilities/communities as well as individual practitioners.
As the results of the 2016 election continue to shake out in health care, please stay tuned for important future updates from the health care team at Caplan and Earnest. If you have any questions or need guidance, please call us at 303-443-8010.