Today is Super Tuesday and it could be pivotal for the Democratic and Republican parties as caucuses and primaries for 12 states from Alaska to Massachusetts are held. It’s safe to say that today’s outcome could have a significant impact on the future of healthcare in America. Since its inception into law in 2010, the Affordable Care Act, commonly known as Obamacare, has been a divisive issue between Republicans and Democrats. And now, with the 2016 election looming, more individuals are beginning to wonder: will 2016 bring healthcare reform and/or overhaul once again?
This is a legitimate question, to be sure. After all, small business health insurance brokers and small- to mid-sized employers alike have had to contend with the annual changes that threaten noncompliance, hefty fees, and a general sense of confusion for individual and corporate healthcare benefits.
Now, with the race for president heating up and the top two candidates about to emerge, what does this mean for healthcare?
In short, it could mean a lot.
In fact, the January Kaiser Health Tracking Poll, a survey of 1,200 voting-age U.S. residents conducted over the phone, reveals the Affordable Care Act is considered “extremely important” by 23 percent of voters. Likewise, 28 percent of voters report that both the cost of healthcare and health insurance are also “extremely important”, putting pressure on candidates to offer an attractive alternative for the Affordable Care Act or to continue the Act itself.
Many voters are concerned that the 2016 election will mean that their health care is taken away. Since enrollment under ACA began, 11.2 million individuals have been added to the Medicaid program, 10 million have received subsidies through exchanges, and 5.7 million young adults between 19 and 25 have gained coverage. And since 2016 saw a change in that law requiring more small businesses to offer employee health care, this is a real concern.
Employers and brokers must be attentive to the shifting conversation of healthcare as the candidates enter the final stretch. After all, a new president means the potential for an entirely new system, particularly if a Republican candidate is elected.
With shifts like these in healthcare comes the uncertainty of compliance and the inability to provide the coverage employees have come to expect. But with Flock, neither of these issues should be of concern.
Flock is the small business HR software that streamlines onboarding, benefits management, and compliance for employers while offering health insurance brokers a simple way to manage clients and build a robust book of business.
Sign up as an employer or schedule a demo as a broker to see what Flock can do for your business amidst changing healthcare laws. And no matter what happens today and in the 2016 presidential race, Flock will keep you compliant and organized (not to mention, sane).
We want to know your thoughts: How do you think the Affordable Care Act will affect the next election? Does it matter for you (and your business)? Share your thoughts below!