Amid no shortage of controversy, the Affordable Care Act, also known as Obamacare, is apparently on its way out, with the American Health Care Act, also known as Trumpcare, set to take its place.
That after the AHCA legislation was passed by the U.S. House of Representatives on March 4, 2017.
Noting he was confident the bill would make it through the Senate, President Trump referred to Obamacare as "essentially dead" in statements made at the White House after the AHCA cleared the House.
"This is a great plan," Trump added. "I actually think it will get even better. This is a repeal and replace of Obamacare. Make no mistake about it."
The legislation that would change the face of health care in America - again - is expected to be taken up by the Senate in late spring or early summer.
That gives financial advisors some time to lay out a client blueprint for leveraging the AHCA, which should replace Obamacare, in some form, by the time the summer is out.
While it's no doubt early, some are ready to do just that.
"This is certainly a tricky discussion and one that's difficult to really have an honest discussion about," states Sierra Knight Magee, owner of Knight Magee Insurance, in Richmond, Va. "The problem is that at this stage, we only have an 'idea' of what is being proposed under TrumpCare."
That said, there are also some things consumers should know that go beyond the proposal stage. "We do know that instead of a subsidy under the ACA, TrumpCare is proposing a tax credit," Magee says. "The credit would vary based on age but not necessarily your health."