Changes to ACA could be smoother in Oklahoma
In the weeks following the November 2016 presidential election, employers and employees alike have already begun speculating as to what will become of the previous administration’s signature health care law, the Patient Protection and Affordable Care Act, once the new president takes office in January 2017.
In an interview with The Journal Record, McAfee & Taft employee benefits attorney Brandon Long offered his thoughts on the issue and how Oklahoma employers may be affected. Not only did the state of Oklahoma not set up its own exchange, he said, but Oklahomans who buy their insurance on the federal exchange will only have one choice of carrier in 2017.
“Frankly, the fact that we have only one option on the exchange now (and) maybe the lack of an exchange wouldn’t be as big of a deal for us as it would be in other places,” he said.
Long also acknowledged the anxiety that many employers are feeling after having spent the last six years complying with the numerous components of the complex law.
“Companies have spent a lot of money figuring out how to comply with all these rules, and if they all go away it’ll be interesting to see what replaces them,” said Long. “Given the fact that Trump won the White House and we have a Republican-controlled Congress, the chance for more dramatic changes seems pretty high.”