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Small Business Employee Benefits and HR Blog

Will Obamacare Be Repealed?

It’s been about a year since major provisions of the Affordable Care Act (aka the ACA or Obamacare) came into effect. Now more than ever, businesses and their employees are impacted by the health reforms.Will Obamacare Be Repealed?

Since being signed into law in 2010, there have been several legislative efforts to repeal, change, or fix the law.

So, where does Obamacare legislation stand today and what does the American public think of all these changes?

Where Obamacare Legislation Stands Today

If you’re confused about recent Obamacare legislation, you’re not alone. It’s hard to keep track. Here is a summary of current legislative efforts:

  • Premium Tax Credits in the Federally-Run Marketplaces - In June, it's expected that the Supreme Court will review a challenge (King v. Burwell) to the Affordable Care Act's premium tax credits available through the federally-run Marketplace. If the Supreme Court votes in favor of the King v. Burwell case, the ACA could undergo extensive changes in order to remain federally compliant. And, it’s estimated nearly ten million individuals could lose their individual health insurance as a result. 

  • Repeal Obamacare - Earlier this month, the Republican-led House voted to repeal the ACA. However, the bill is unlikely to pass the Senate and President Obama has said he would veto the bill.

  • 30-Hour Work Week - Legislation was introduced in January to change the ACA’s definition of a full-time work week from 30-hours to 40-hours. This legislation was not passed.

  • Repeal the Medical Device Tax - Some lawmakers in Congress, including both Republicans and Democrats, support repealing a provision of the ACA that taxes the manufacturers of medical devices such as artificial joints and pacemakers in order to help pay for other parts of the law, including Medicaid expansion and subsidy assistance.

What Americans Think - Repeal It, Fix It, or Leave It Be?

With Obamacare’s ups and downs, what does the American public think?

According to January 2015 polling by the Kaiser Family Foundation:

  • 23% would like Obamacare expanded.

  • 19% would like Obamacare implemented as-is.

  • 14% would like Obamacare scaled back.

  • 32% would like Obamacare repealed.

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Chart Source - KFF

What do you think about Obamacare? Should it be repealed, fixed, or just left as-is? Join the conversation by leaving a comment below.