Trump’s Obamacare Overhaul Could Be Blockchain Adoption Catalyst

As pressure mounts on Republicans to overhaul the Affordable Care Act (ACA), blockchain advocates are hoping bullish modifications to the law could provide a springboard for the adoption of distributed ledger tech.

Since the 2009 passage of the ACA – colloquially known as ‘Obamacare‘ – the US healthcare system has continued to grapple with the escalating spending, inefficiencies and antiquated systems that prompted calls for reform in the first place.

Now, President Donald Trump and Republicans in Congress are seeking to repeal and replace Obamacare with a new plan, dubbed the American Health Care Act (AHCA), which they deem to be simpler and more consumer friendly.

While that goal remains elusive and details are subject to change, its core thesis is that healthcare should be driven by consumers to put downward pressure on costs – and that has many blockchain tech proponents eying the legislation as a potential catalyst for the upstart technology.

Corey Todaro, chief operating officer of Hashed Health, a consortium of healthcare companies exploring the use of blockchain in the industry, noted that costs are continuing to “explode”, creating pressure for change.

He told CoinDesk:

“We’re on the path to $5tn in healthcare spend from the current $3.5tn

Read more ... source: CoinDesk

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