President-Elect Urges Congress To Swiftly Push Through Repeal, Replacement Of Healthcare Law
The New York Times reports that in a Tuesday interview, President-elect Trump called on Republicans “to move forward with the immediate repeal of” Obamacare “and to replace it very quickly thereafter, saying, ‘We have to get to business. Obamacare has been a catastrophic event.’” The comments came during a time when Congressional Republicans have been debating how best to repeal Obamacare. The Washington Post says that congressional GOP leaders “have publicly mulled plans to replace the bill in two or even four years, giving lawmakers an opportunity to take the provisions of the law piece by piece and accumulate enough support to pass the bills.” Reuters reports that House Speaker Ryan told reporters that the Obamacare repeal “will include a ‘stable transition period.’” The Hill reports that though Ryan said “some elements required” to replace Obamacare “could be included in the earlier process to repeal the healthcare law,” he “provided no details about what replacement elements would be included, calling it a ‘Senate question’ about what Republicans can put in budget reconciliation.”
What Happens Next
The timing for when Obamacare would be repealed and when a replacement might be in place remains uncertain. In an editorial, the Wall Street Journal projects that while some components of the ACA may remain in place for several years as a transition, the replacement legislation will come much sooner.
What This Means For Small Businesses
Small business owners have struggled with mounting labor and regulatory costs as a result of Obamacare. Clearly, this Congress and the incoming White House are energized at the process of repealing this burdensome mandate. Whether all parties can reach a compromise swiftly that will be beneficial for America’s job creators remains to be seen.
The AP also reported on the debate over how best to repeal and replace Obamacare.
Note: this article is intended to keep small business owners up on the latest news. It does not necessarily represent the policy stances of NFIB.