Did Biden sign the trifecta of long-term care?

A trifecta is a type of pooled betting, most associated with horse racing. For example, you select #1 to win, #2 to run second and #3 to run third. This is known as a “straight trifecta” and your horses must finish first, second, and third in the correct order.

On Jan. 21, 2021, President Joe Biden signed an executive order titled "Executive Order on Strengthening Medicaid and the Affordable Care Act" that purports to increase access to high-quality health care and support for caregivers. The potential impact of this order on consumers and the insurance industry is significant.

For consumers, the executive order could mean increased access to affordable health care options, including Medicaid and the Affordable Care Act. The order calls for the establishment of a Special Enrollment Period for the ACA, which will allow individuals to enroll in health insurance outside of the typical enrollment period. This could provide greater flexibility for those who may have missed the regular enrollment period or experienced a change in circumstances that necessitates a new health care plan.

Additionally, the executive order seeks to address health care disparities among communities of color, low-income individuals and rural communities. By increasing access to health care in these areas, the executive order may lead to improved health outcomes and reduced health care costs for these populations.

The executive order also addresses the need to support caregivers, who play a critical role in providing care for individuals with disabilities or chronic illnesses. The order directs federal agencies to examine ways to support caregivers, including increased access to respite care, financial assistance and workplace accommodations.

For the insurance industry, the executive order may mean increased demand for health care coverage as more individuals gain access to Medicaid and the ACA marketplace. This could lead to changes in the insurance market, including new products or services that meet the needs of these consumers.

Overall, the executive order has the potential to significantly impact consumers, caregivers and the insurance industry by increasing access to health care and supporting caregivers. It remains to be seen how these changes will be implemented and what the full effects will be, but the executive order represents a step towards improving the health care system in the United States.

Could this executive order end up being a “boxed trifecta?” What kind of trifecta is that? The boxed trifecta allows the punter to simply nominate three (or more) horses, and they can finish first, second and third in any order.

So what order could this executive order impact the most and will you be in the race? It costs more to place a boxed trifecta, with the cost increasing depending on how many horses you wish to include.

Lloyd Lofton is the founder of Power Behind the Sales. He is the author of The Saleshero’s Guide To Handling Objections, voted 1 of the 11 Best New Presentation Books To Read in 2020 by BookAuthority. Lloyd may be contacted at lloyd.lofton@innfeedback.com.

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Lloyd Lofton is the founder of Power Behind the Sales. He is the author of The Saleshero’s Guide To Handling Objections, voted 1 of the 11 Best New Presentation Books To Read in 2020 by BookAuthority. Lloyd may be contacted at lloyd.lofton@innfeedback.com.