2016 Election and Compliance Issues
Republican candidate Donald Trump has been elected the 45th president of the United States, and Republicans have retained control of the Senate and the House of Representatives.
Under President-elect Trump and the Republican-led houses of the U.S. Congress, it is likely that some changes will be made to the ACA and other compliance issues over the next four years.
Potential ACA Changes
Although it is largely unclear, at this time, what changes will be made, Republicans in the past have suggested the following:
• Full or partial repeal of the ACA
• Changes to the Medicare and Medicaid programs
• Implementing new policies to expand coverage and lower health care costs
What Should You Do?
Donald Trump will not take office until he is inaugurated on Jan. 20, 2017. This means that there will likely be no significant legislative or regulatory changes prior to 2017. As a result, employers should continue to prepare for upcoming requirements and deadlines to ensure full compliance.