Happenings on the Hill
Happenings on The Hill is a series in the Lerner, Csernai & Fath Benefits Blog where we work to give you as up to date information as possible with the political environment surrounding healthcare. Stay tuned for more updates!
As it started well before last November when President Trump was voted into office, health care reform is one of our Nations hottest topics. In may when a bill was brought to the House floor and pulled it took the wind out of many Americans sails. Since that point there has been a bill passed by the house, and much debating by the Senate which culminated in the Better Care Reconciliation Act of 2017 coming to the public eye last Friday (06/23/2017). There seems to be a division in GOP lawmakers as to where they stand on the bill, if you peruse www.thehill.com you can see posts that litter the healthcare section detailing how many GOP Senators are not fully confident in the bill or will not vote for the bill.
The Bill itself differs from the bill the House of Representatives passed just a while ago, and while there are stark differences in the eyes of some Senators that does not change the reality of this: Time is running out. For a Budget Reconciliation to be able to be applied it must be passed before the end of our Fiscal Year, which ends each year on September 30th. If Congress is unable to pass a decision on healthcare before then it is back to the drawing board. Another detail about budget reconciliation that many are unfamiliar with is how if Congress moves onto a different topic planning to use the same vehicle for amendment, in this case reconciliation, the efforts on prior topics cannot be used again. What this means is as follows: If Congress were to move onto an issue such as taxes/fiscal policy that would signal the end of healthcare efforts for the time being.
Senator Mitch McConnell is reportedly pushing for a decision to be made on healthcare soon, and for good reason. Congress takes a recess to celebrate the week of Independence Day, and after that they go on a recess for the month of August, a full five weeks. Once they return from the August Recess the clock is sure to be ticking on healthcare reform.
Change is sure to happen eventually, but many differences need to be sorted out, sooner or later, for anything to culminate. Here at Lerner, Csernai & Fath we are keeping our eyes open for any changes in the landscape. Until the a good rule of thumb is to follow all laws that are in place with the Affordable Care Act as no changes have been made official as of now.
Derek A. Lodholtz, Benefits Specialist
Lerner, Csernai & Fath Financial Group
15505 Waldron Way
Big Rapids, Mi 49307
The above content is meant to inform and does not convey the opinion of the author (Derek Lodholtz) or the Firm (Lerner, Csernai & Fath).