Ashton, partner at Drinker, Biddle and Reath LLP, said if Hilary Clinton wins the election, the Senate may flip to Democratic control, but the
House won’t. The fiduciary rule will go into effect; Obamacare stays, but
Clinton will try to make tweaks; and there will be ramped up enforcement on
service providers. Ashton said it may be difficult for Clinton to make tweaks
to Obamacare if legislation is needed; Congress may fight her. He also noted
that enforcement on service providers will not start immediately, but will
happen over the course of her administration.
shared what Democrats have promised:
against any attempt to roll back the fiduciary regulation;
to protect pension benefits in multiemployer plans;
the rights of workers to collect their defined benefit (DB) pensions and make
sure they get “priority and protection” when plans are in distress; and
efforts to weaken Social Security and, in addition, expand it.
for health care, Democrats have promised to:
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down on “runaway” prescription drug prices;
efforts to roll back women’s health and reproductive rights;
a “public option;”
those older than 55 to opt in to Medicare;
states to create waivers under the Affordable Care Act (ACA) to develop locally
tailored approaches to health coverage; and
the excise tax on high-cost health insurance.