21 Jul 2017

What is the BCRA & the Impact on Obamacare?

What is the BCRA & the Impact on Obamacare?

The current health care crisis in the U.S. is extremely complex, and a series of recent events just propelled things into a volatile phase. Millions of Americans are at risk of losing their medical coverage in the future, while others are simply perplexed and unable to keep up with all the terms being thrown around in the media.

That’s why we’re breaking down all the facts and explaining what the Better Care Reconciliation Act is (otherwise known as the BCRA), and what’s going to happen to Obamacare under the Trump administration.

What was the BCRA?

To provide a bit of context, the Better Care Reconciliation Act was previously called the American Health Care Act (AHCA), Trumpcare, Obamacare Lite, and Republicaire.

This bill was ultimately meant to repeal and replace Obamacare, which is also known as the Affordable Care Act (ACA) and was passed in 2010. Campaigning heavily on a promise to dismantle Obamacare, President Donald Trump and the ruling Republicans have been trying to get the BCRA passed in the senate for the last few months. The details of the bill kept changing and were cloaked in secrecy, but several news organizations reported the BCRA would be disastrous for the American people.

Most importantly though, on July 17, 2017, several Senate Republicans essentially defected and declared they were against this bill, meaning it wouldn’t have enough votes to pass on the Senate Floor. So the Better Care Reconciliation Act is effectively dead and the Senate Majority Leader Mitch McConnell officially had to pull the bill.

What Does This Mean For Obamacare?

So the BCRA if officially dead but Republicans haven’t given up and are fashioning a new bill that will simply repeal Obamacare. This bill would only come into effect in 2020, but has the potential to have a disastrous effect on the nation. According to the Congressional Budget Office, this repeal bill would leave approximately 32 million Americans uninsured by the year 2026, and insurance premiums would like double by this time as well.

Who would be affected the most? Well, Americans without employer-provided insurance and those who rely on government-subsidized programs (including Medicaid and CHIP) would undoubtedly suffer the greatest losses. Due to the fact there’s no viable ‘replace plan’ in the pipeline, repealing Obamacare would sever a crucial artery that would leave the population in a state of paralysis.

For latest news surrounding the complicated reality of health insurance in this country, trust HealthQuoteInfo to provide the most reliable information

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