State & Federal Election Update: Trump White House
posted: November 10, 2016
What does it mean now that the businessman from New York, Donald J. Trump, will be the next President of the United States? For starters, President-Elect Trump has been a vocal advocate of repealing the Affordable Care Act (ACA) and made a promise to do so in his first 100 days in office.
Trump also talked about rising drug prices and advocated drug imports. Trump's staff expressed interest in what they call market solutions to curb the growth of drug prices, a hospital lobbyist said, though a brand drug lobbyist said a Republican in the White House drastically curbs the threat of action on drug price controls.
Also, with the pharmaceutical stock index jumping more than 5 percent on Wednesday morning following Trump’s triumph and the GOP sweep, lobbyists assume it will kill the prospect of the Part B drug-price demonstration.
Proposed Trump Healthcare Reform Highlights:
- Allow individuals to fully deduct health insurance premium payments from their tax returns under the current tax system.
- Allow individuals to use Health Savings Accounts (HSAs).
- Remove barriers to entry into free markets for drug providers that offer safe, reliable and cheaper products.
- Require price transparency from all healthcare providers.
Modify existing law that inhibits the sale of health insurance across state lines.
View the Complete Reform List