Is Repealing Obamacare for the Better or Worse?

Is Repealing Obamacare for the Better or Worse?

Is Repealing Obamacare for the Better or Worse?

Since the Affordable Care Act (aka Obamacare) became law, many have decried its terms and conditions, as well as how it negatively affects so many Americans and business owners. Republican lawmakers have tried unsuccessfully to repeal it since its inception. However, that could all be about to change now that Donald Trump has won the White House and Republicans have maintained control of the Senate and Congress. It’s no secret that repealing Obamacare is reportedly one of the first orders of business for the new administration as soon as it takes office in January. So how will that end up affecting our country, especially when it comes to the financial side? And specifically, what would it mean for millionaires and billionaires?

Wealthy Stand to Gain the Most

First off, if Obamacare is repealed, more than 20 million people could end up without any health benefits. However, for many, repealing Obamacare would be a boon for their bottom line, especially for many of the nation’s wealthiest taxpayers. So why do the wealthy stand to gain so much if the Affordable Care Act is repealed? For starters, it’s the wealthy that are really paying for everyone else’s health insurance. The reason for this is that the ACA includes a surcharge tax for all households that make more than $250,000 a year or single individuals that earn more than $200,000 a year. Those thresholds do not change for inflation, either, which means each year the number of total taxpayers falling into these categories is likely to rise. Individual income taxes are the chief source of income used to help pay for insurance for millions of low-income Americans.

Fewer Taxes on Capital Gains

The other major factor is the Net Investment Income surcharge tax, which is applied to capital gains. Again, this affects the wealthy more than anyone else, because many of the country’s highest earners make a large portion of their money in capital gains. The current surcharge is 3.8 percent. Which is added to the taxpayer’s capital gains rate, which can already be as much as 20 percent for those in the highest tax bracket? Therefore, if republican lawmakers, including president-elect Trump, move forward with their plan to repeal the law, the nation’s top earners, especially the top 1 percent, stand to save billions in taxes every year. In fact, according to the Congressional Budget Office, the government stands to lose about $346 billion in tax revenue in the next 10 years if the ACA is repealed.

How Will Lawmakers Replace the Income?

No doubt, the nation’s wealthiest individuals will enjoy keeping all that money in their own pockets, but it does beg the question, where will republican lawmakers come up with the cash to replace it? That will be up to the new administration to figure out, but for the time being, many of the country’s top earners are about to be worth a lot more if and when Obamacare is repealed when Trump takes office.


We hope you found this article about “Is Repealing Obamacare for the Better or Worse?” helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at  Unfortunately, we no longer give advice to other tax professionals gratis.

To receive our free newsletter, contact us here.

Subscribe to our YouTube Channel for more updates.

Alan Olsen, CPA

Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

Alan L. Olsen, CPA, Wikipedia Bio is a proud sponsor of The American Dreams Show.



The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

Untitled_Artwork copy 4 (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

Posted in
Five Great Reasons to Attend Venture Capital Seminar 2 of 6

Five Great Reasons to Attend Venture Capital Seminar 2 of 6

Impact Venture Capital & GROCO’s “Venture Vision” Seminar 2 of 6 (To register FREE, click here.) This free online instructional seminar on January 11, 2023, at 10 AM is an excellent opportunity to learn more about the risks and rewards associated with venture capital (VC) investments. By covering topics such as the stages of funding,…

Mastering Comprehensive Financial Planning with Bill Gombert

Mastering Comprehensive Financial Planning with Bill Gombert

Introduction: In this interview, Alan Olsen, CPA and featured guest Bill Gombert discuss comprehensive financial planning and much more. Transcript: Alan Olsen Hi, this is Alan Olsen and welcome to American Dreams. My guest today is Bill Gombert. Bill, welcome to today’s show. Bill Gombert Thank you very much pleasure to be here. Alan Olsen So, Bill, you’re…

Building Conscious Communities with Brett Kaufman

Building Amazing Conscious Communities with Brett Kaufman

Introduction: In this interview, Alan Olsen, CPA and featured guest Brett Kaufman discuss Building Conscious Communities and much more. This Transcript of Alan and Brett’s discussion of conscious community building has been generated by software and may have inaccuracies: Alan Olsen So Brett in our segments here in American Dreams, we talked about pathways of life and things…

5 reasons to attend free venture capital seminar 2 of 6

Unveiling the Venture Vision: 12 Insights from the Frontline Capital

Insights Into Venture Capital Investing From Seminar 1 of 6 (To register for seminar 2 of 6 FREE, click here.) “In an era where financial landscapes are constantly being reshaped, it’s crucial for investors to stay ahead of the curve. The Venture Vision Webinar, a joint initiative by GROCO and Impact Venture Capital, recently hosted…