MATT GEPHARDT

Gephardt: What Impact Will Biden Administration Have on Your Health Insurance and its Costs?

Dec 22, 2020, 1:28 PM | Updated: 4:12 pm

SALT LAKE CITY, Utah – Your health insurance has been a lightning rod in politics for more than a decade. What will the Joe Biden presidency mean for your coverage and the price you’ll pay for it?

When Barack Obama won the presidency, it was chaos in the health insurance world with Obama promising to change the rules.

Then, Donald Trump won creating a new wave of chaos with his promises to repeal and replace Obamas Affordable Care Act.

Now, as Joe Biden prepares to take office, again the promise of change.

Biden will “build on the Affordable Care Act by giving Americans more choice, reducing health care costs, and making our health care system less complex to navigate,” his website states.

Will that mean more turbulence in the insurance world or yours?

The KSL Investigators took to Les Masterson, an insurance expert and managing editor for Insurance.com. “When Obama took over, there were a lot of changes right off, said Masterson. When Trump took over, theres a lot of changes.

One thing that is clear, he added, is the baseline.

With Biden in office, the Affordable Care Act is safe. Plus, Democrats did not have enough gains in Congress on Election Day to make any significant changes to the act.

“You’re not going to see Medicare for all,” estimated Masterson. “Public option probably won’t happen.”

Masterson’s prediction: No Chaos. “Yeah, theres definitely stability, he said. Stability is a good thing for Wall Street, Masterson explained. “After the election, after it was called for Biden, you saw the health insurance stocks start going up immediately, he said.

That’s also generally good for your health insurance premiums. “Its good for rates and keeping rates down. 

After a decade-plus of turbulence, Masterson thinks Americans could use a little status quo for their healthcare.

KSL 5 TV Live

Top Stories

Matt Gephardt

FILE - Credit and deposit cards on a computer keyboard. Electronic commerce, business. Online shopp...
Matt Gephardt

Gephardt Busts Inflation: Americans shy away from using credit cards abroad, missing out on best exchange rates

As COVID-19 wanes, travel agencies are seeing a massive spike in bookings as folks look to spread their wings and travel abroad.
2 days ago
KSL-TV's Matt Gephardt talks to the couple to see how this accident happen....
Matt Gephardt and Cindy St. Clair, KSL TV

Utah couple gets hit with sky-high surprise air ambulance bill

A perk of hitting that out-of-pocket max limit on your health insurance is usually, your insurance covers all other expenses for the year 100%. When a Highland couple continued to get bills, they asked KSL Investigator Matt Gephardt for help.
5 days ago
Bitcoin and other cryptocurrencies are all making news with wild up-and-down swings in value. (File...
Matt Gephardt and Sloan Schrage, KSL TV

Congress considers crypto legislation: What you need to know

It's been a rough year for cryptocurrencies. Prices reached record heights this past November, but by last week, crypto has lost $2 trillion of its market value. Now, there's a new plan for the Feds to regulate cryptocurrencies.
6 days ago
(KSL TV)...
Matt Gephardt

Gephardt Busts Inflation: Despite growing demand for digital coupons, most are still printed

Researchers found that 91% of all coupons are old-fashioned paper coupons. That’s a problem when you compare it to consumer demand.
9 days ago
...
Matt Gephardt & Sloan Schrage, KSL TV

Gephardt busts inflation: Is saving hundreds on your internet bill worth the hassle?

When you sign up for internet, you need a modem to connect and router for your home's Wi-Fi. But most internet service providers charge you to use their equipment, on top of what you pay for their plan. But did you know you can buy your own and potentially save hundreds of dollars? The thing is, it’s not necessarily that simple.
10 days ago
KSL investigates whether the food you can buy at dollar stores is an effective way to bust inflatio...
Matt Gephardt & Sloan Schrage, KSL TV

Gephardt Busts Inflation: Will shopping the dollar stores stretch your grocery dollar?

Getting dinner on the table was rarely simple before high inflation hit the economy, but for millions of families, it has become a downright financial struggle.
16 days ago

Sponsored Articles

hand holding 3d rendering mobile connect with security camera for security solutions...
Les Olson

Wondering what security solutions are right for you? Find out more about how to protect your surroundings

Physical security helps everyone. Keep your employees, clients, and customers safe with security solutions that protect your workplace.
Many rattan pendant lights, hay hang from the ceiling.Traditional and simple lighting....
Lighting Design

The Best Ways to Style Rattan Pendant Lighting in Your Home

Rattan pendant lights create a rustic and breezy feel, and are an easy way to incorporate this hot trend into your home decor.
Earth day 2022...
1-800-GOT-JUNK?

How Are You Celebrating Earth Day 2022? | 4 Simple Ways to Celebrate Earth Day and Protect the Environment

Earth Day is a great time to reflect on how we can be more environmentally conscious. Here are some tips for celebrating Earth Day.
Get Money Online...

More Ways to Get Money Online Right Now in Your Spare Time

Here are 4 easy ways that you can get more money online if you have some free time and want to make a little extra on the side.
Lighting trends 2022...

Lighting Trends 2022 | 5 Beautiful Home Lighting Trends You Can Expect to See this Year and Beyond

This is where you can see the latest lighting trends for 2022 straight from the Lightovation Show at the Dallas World Trade Center.
What Can't You Throw Away in the Trash...

What Can’t You Throw Away in the Trash? | 5 Things You Shouldn’t Throw in to Your Trash Can

What can't you throw away in the trash? Believe it or not, there are actually many items that shouldn't be thrown straight into the trash.
Gephardt: What Impact Will Biden Administration Have on Your Health Insurance and its Costs?