What does Trump win mean for Obamacare?
Experts urge Americans to sign up, despite Trump's promise to repeal
JACKSONVILLE, Fla. – Millions of people are now signing up for insurance through the Affordable Care Act, but President-elect Donald Trump has vowed to get Obamacare repealed in his first 100 days in office.
So what does that mean for those signing up now?
Because the current law requires all Americans to register for health insurance, experts say it's important to obey the law and sign up, despite the uncertainty coming for Obamacare.
But people who are now being forced to pay much higher premiums through Obamacare said they really want to wait and see what Trump will do before they sink their money into a healthcare plan.
“Real change begins with immediately repealing and replacing Obamacare,” Trump said at a rally in Jacksonville last week. “It has just been announced that the residents of Florida are going to experience a massive double-digit premium hike.”
Michael House recently learned that his rate quadrupled, going from $89 a month to $500, and his copays have doubled.
“I will wait and see what comes out of that. To see if there is something -- if he's going to offer a more affordable option for single people like myself,” House said. “It's a simple matter of economics, and if you can't afford $500 a month for health insurance, you have no choice.”
But those whose job it is to help Affordable Care Act participants said they believe that could be a big mistake.
They said 20 million Americans are now insured who were not in the past, and that Trump will have to dismantle Obamacare carefully, so now is not the time for people to pull out.
“If they let their insurance go and they have a health problem, you may not be able to get it back,” Affordable Healthcare financial advisor Carolyn McClanahan said.
Trump said in Jacksonville last week that his plan is to replace Obamacare with something that is better and cheaper.
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