Lexology December 16, 2024
The impending transition from the Biden administration to the Trump administration will undoubtedly affect all facets of American life. However, the shift, along with Republican control of the Senate and potentially the House, is likely to result in major changes for employer-sponsored health and welfare plans.
The Affordable Care Act
First, the Biden administration worked to maintain and strengthen the Affordable Care Act (ACA), which consists of a public exchange system and premium tax subsidies to allow Americans to purchase affordable health insurance. Trump supported repealing the ACA during his first term but was unsuccessful. Republicans have doubled down on repealing the ACA this time around, but residents of two Republican-led states, Florida and Texas, are heavy users of ACA...
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