President Trump begins to break up the Affordable Healthcare Act to increased public outcry
This week, US President Donald Trump signed an executive order which will take apart Obamacare in a bid to create further healthcare options for US civilians. However, with a large majority of the US in favour of Obamacare, the news has been fraught with confusion and dismay on all sides, with fears it will create the opposite.
Democrats have been one of the strongest voices opposing the move to take apart the Affordable Care Act (ACA), with studies suggesting that the number of Americans who will end up without any form of healthcare will rise significantly.
In a statement, Trump has stated that the order will provide "millions of Americans with Obamacare relief," "cost the United States government virtually nothing and people will have great health care. And when I say people, I mean by the millions and millions."
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Attentions will therefore be increasingly upon employers, who will need to provide Association Health Plans, as well as short term-health insurance. However, with the ability to sign up to cheaper, less comprehensive plans, many poorer families or individuals with long-term health problems could be left without essential care, or become locked out of obtaining healthcare due to sky rocketing premiums.
The eradication of cost-sharing reduction payments (CSR) under Obamacare will also see rates increase.
"Sadly, instead of working to lower health costs for Americans, it seems President Trump will single-handedly hike Americans’ health premiums," House Minority Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer said. "It is a spiteful act of vast, pointless sabotage levelled at working families and the middle class in every corner of America.
Make no mistake about it, Trump will try to blame the Affordable Care Act, but this will fall on his back and he will pay the price for it."
The plans will take approximately six months to come into effect, but it will be interesting to see how the US healthcare system adapts to these changes.
On the rise: Doktor.se
1. Doktor.se launches as a digital healthcare platform in Sweden in 2016. The company's focus is on the B2B market, with a mission to help members find, book and get access to healthcare services through telehealth and telephone calls.
2. The company offers healthcare services through its app as well as at bricks and mortar clinics. After raising more than €40 million in a funding round in May 2020 to expand its operations both nationally and overseas, CEO and founder Martin Lindman says there are plans to enter new markets at the beginning of 2021.
3. Belgium becomes the fifth market where Doktor.se provides telemedicine, through Belgium's communications company Proximus Group. It becomes the second most downloaded doctor app in Europe, and over 1.2 million patient consultations are carried out, either through the app or at physical clinics in Sweden. Throughout 2020 it administers over 250,000 COVID-19 antibody tests in Sweden.
4. Doktor.se is the most popular digital healthcare in Sweden, used by approximately one-tenth of the country's population. New funds are raised to offer improved services for mental health and chronic illnesses, and to expand digital services and acquire physical services to integrate into its digital platforms with the aim of creating a hybrid model.
5. The company announces €29.5 million in funding from Chinese technology multinational Tencent Holdings. Doktor.se say the funds will be used to make its global healthcare services more efficient, accessible and affordable.
The platform now employs nurses, doctors and specialist doctors, psychologists, and physiotherapists, and is available across Europe and in Brazil.
6. Over 1.5 million people are currently using healthcare apps developed by Doktor.se, either run by the company or through its SaaS licensing business. There are around 900 people employed by the company, and Doktor.se say that the productivity of medical staff using the platform is up to four times greater than those working in traditional services.