Corporate executives, including chief executive officers, in the United States are contemplating possible changes as Donald Trump prepares to assumed the presidency. During the campaign, Trump promised to take action to sharply reduce corporate taxes and to rollback regulations.
A great deal of discussion is being had that the Trump administration will usher in dramatic change in a short amount of time. In realty, executives generally feel that change will in fact occur, but in a more incremental way.
The Affordable Care Act, commonly known as Obamacare, is another law on the books that President-elect Trump has promised to eliminate. He has softened his approach to this objective slightly since winning the election. He has indicated there are some components of the law that he anticipates keeping in place, including preventing insurers from denying coverage to people with preexisting conditions.
Corporate executives, including chief executive officers, are playing close attention to how the Trump administration addresses the Affordable Care Act. There is some thought that Congress will in fact vote to repeal the law. The President-elect is likely to sign such legislation into law. However, when it comes to implementing it, the approach will probably be a bit more cautious. If nothing else, any repeal will not effect the policies in force in 2017. With that said, whatever alternative to the Affordable Care Act will need to be in place by the beginning of 2018, which leaves only a relatively small window for action by the Trump administration and Congress.