Opponents of the Affordable Care Act have all but given up on repealing the law and have instead focused on impeding implementation. Some states will allow the federal government to operate their insurance exchanges.
Likely incoming Senate Majority Leader Mitch McConnell, R-Ky., has said he will repeal the Affordable Care Act in its entirety. In addition to winning the Senate, Republicans also expanded their majority in the House in the midterm elections, setting the stage for ongoing ACA repeal efforts. However, full repeal of the ACA will be difficult, as Senate Republicans do not have a filibuster- or veto-proof majority.
Makers of generic drugs are expected to benefit from the re-election of President Barack Obama as the implementation of the Affordable Care Act brings increased use of generic drugs and expanded insurance coverage.
If a 1997 law hadn't been overturned in 2002, it's possible the FDA would have prevented the meningitis outbreak tied to contaminated steroids from the New England Compounding Center, Boston University law professor Kevin Outterson wrote in a commentary published online in the New England Journal of Medicine.
The GOP victories in Congress may give the party a chance to stop or at least water down President Barack Obama's agenda on health care. While experts say a repeal is unlikely, Republicans may try to eliminate funding for some health care reform provisions. Newly elected GOP governors in states across the country also may seek to slow the pace of implementation.