There are many questions surrounding the details of the Obamacare Repeal and Replace legislation.
If you are on Medicare, there are very positive changes that will impact you.
This new law, if passed, will repeal the taxes on prescription drug companies and medical devices. The largest expense of most Medicare eligible people are prescriptions, so this should start to lower prices on drugs which is good news. Prices should also decline on durable medical equipment, such as wheelchairs and hospital beds.
There has been much confusion about the coverage for pre-existing conditions with regard to Medicare. Keep in mind that the majority of this legislation does not affect Medicare. This is true with regard to pre-existing conditions on Medicare and any changes to pre-existing conditions only affect people who are not Medicare eligible.
Passing the bill through the House of Representatives is only the first step in the process of legislation. I will provide more updates as information is available.