The election answered, “Who is going to be president?” but not so much “what will the president do?”
President-elect Donald Trump did not fill in a lot of detail during the campaign but has made some broad pronouncements and detail to determine some direction.
For the insurance and financial industries, the top issues are the Department of Labor’s conflict of interest rule; the Affordable Care Act and taxes. Many issues and concerns follow those but the InsuranceNewsNet team is tracking down those first this morning.
FIDUCIARY RULE: Expectations are that Trump will be working with the House Speaker on legislation to stop not only the DOL’s rule but also what is perceived as the department’s overreach. It is an open question whether the speaker will be Paul Ryan. Senior Editor John Hilton will be looking into those issues.
ACA: Repeal and replace has been the battle cry and many see a mandate with a Republican congress to do just that. Some Republicans have said they are concerned about the disruption, but the demand is pretty loud and clear. But replace it with what? Managing Editor Susan Rupe will be finding the best answers to that question.
TAXES: Trump has laid out some reforms he would like to see. He has outlined reduced rates and eliminated loopholes. He has also vowed to eliminate the estate tax. Trump's plans do align with Ryan's, though.
Check back for links to the latest.