Throughout his presidential campaign, Donald Trump has said he will implement fundamental changes to the U.S. health insurance system.
What is the Obamacare Act?
The Obamacare Act, or Affordable Care Act -ACA,championed and enacted by Barack Obama, made health insurance mandatory for all Americans with a few exceptions. Beneficial for some, however, the law has meant the obligation to pay higher premiums while being less well reimbursed for medical expenses.
The Limits of the Obamacare Act
The limit of the Obamacare act is that nothing has been put in place to counter the very large increase in medical costs in the United States. Several factors explain this disproportionate medical cost:
- The high price of drugs that partly funds research in the pharmaceutical industry
- The completely free rates of consultations allowing doctors to repay their loans that allowed them to study at renowned universities, pay their insurance premiums against professional liability lawsuits and earn well their life
- Medical equipment increasingly technological
- Medical choices often consist of doing all kinds of tests before making a diagnosis… Etc.
The issue of the care of its health care in the United States therefore remains unresolved.
Obamacare and Trump
Donald Trump signed an executive order on January 20, 2017 to ease insurance constraints underthe ACA act.
It gives U.S. state medical insurance agencies the ability to lift, delay and grant exemptions from ACA law enforcement rules “waive, defer, grant exemptions from or delay” ACA rules. This will likely allow U.S. insurers to incorporate larger medical exclusions into their insurance policies and complicate the understanding of U.S. insurance policies.
For expats inthe United States, the solution to keep international insurance for expatriates remains a good solution that protects them from changes in U.S. insurance policies while being covered in the territory America and around the world.