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How Trumpcare Affects Prescription Drug Coverage

10 May 2017

How Trumpcare Affects Prescription Drug Coverage

President Donald Trump’s objective of repealing and replacing Obamacare is under way as his new healthcare legislation, nicknamed Trumpcare, passed the House of Representatives. Everyone is now wondering how Trumpcare affects prescription drug coverage, which was an essential health benefit under Obamacare. The AHCA (Trumpcare) allows states to opt-out of key provisions such as the requirement to cover essential health benefits. This will affect prescription drug coverage, but ultimately this depends on where you live in the country.

Prescription Drug Coverage Under Trumpcare

The Affordable Care Act (Obamacare) mandated that prescription drug coverage be an essential part of any healthcare plan. Of course, the level of prescription drug coverage depended on your plan, and not all medications were covered. With the advent of Trumpcare, states can waive various provisions depending on which state you’re in, which exempts insurance companies from having to cover essential healthcare benefits.

As an extreme example, it is possible that the medication you may be currently taking to survive that is covered by your health insurance plan, could no longer be covered. This would drive up costs of prescription medication by the thousands if states choose to opt-out of these provisions.

Lowering Drug Costs

Ultimately, we don’t know exactly how Trumpcare affects prescription drug coverage but it’s not looking good. Trumpcare could usher in higher premium and higher out-of-pocket drug costs, which will burden those who need the medication post. What can be done to lower prescription drug costs under Trumpcare? Prescription assistance programs will be available to help offset the rising medication costs associated with the American Healthcare Act (AHCA). Prescription Assistance 123 to help with the transition between Obamacare and Trumpcare so that your medication remains affordable. Contact us at 888.344.8915 to speak with a Patient Advocate and let’s begin the process of lowering your prescription drug costs.