Trump Presidency? What HR Changes Are In-Store
With the election of Donald Trump to the presidency, businesses can expect a number of changes that may impact human resources. We looked at Donald Trump's campaign promises and proposals to see which ones will have the most direct and immediate effect on the workplace, if adopted. While we recognize that campaign promises are just that, here are some areas for companies to watch where changes might occur.
Affordable Care Act (ACA) Trump promises to ask Congress to repeal and replace the ACA, known as Obamacare. Within his proposal to replace the current ACA, Trump also promises to eliminate the individual mandate, in which individuals are required to have health insurance or pay penalties. While his official position doesn't address the employer mandate, which requires large employers to offer insurance to all full time employees, there will likely be changes to what types of coverage companies are required to offer. Additionally, Trump proposes to increase competition, access, and transparency among health care insurers and providers with the hopes of bringing down health care costs.
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