Less regulation, the impact on debt markets and products becoming more affordable are three ways that Donald Trump's second presidential term may affect dentistry.
These three leaders recently connected with Becker's to share their insights on what potential impacts Mr. Trump's second presidency may have on the industry.
Note: Responses were lightly edited for clarity and length.
Question: What does a Donald Trump presidency mean for the dental industry?
Geith Kallas, DDS. Dentist and CEO of Smile Makers Dental Center (Tyson's Corner, Va.): A Donald Trump presidency may significantly impact the dental industry, particularly with Robert F. Kennedy Jr.'s involvement in shaping health policies. Here are some potential changes that could affect the dental industry. Fluoride removal: Mr. Kennedy has advocated for removing fluoride from public water supplies. However, the American Dental Association asserts that fluoride reduces tooth decay by over 25% in adults and children. Deregulation: Trump's administration may deregulate healthcare, potentially affecting dental practices and insurance. Tax cuts: Trump's proposed tax cuts could benefit dental businesses. Trade policies: Trump's tariffs on imported goods could impact dental equipment and supply costs. It's essential to note that these changes are speculative and depend on Trump's specific policies and appointments. The dental industry may experience both benefits and challenges under his presidency.
A.J. Peak. Founder and CEO of Peak Dental Services (Colorado Springs, Colo.): A quick thought is a mixed bag based upon how things shake out with the debt markets. Presently Trump's pro-business via less taxes hasn’t overcome the fear in the debt markets commanding higher interest rates related to concerns his agenda will further expand the federal deficit. Fear of our federal deficit expansion has pushed interest rates up. Ultimately a lower interest rate environment will help accelerate consolidation in our industry driving up valuations whereas the inverse could continue to dampen valuations and the pace of consolidation.
Richard Celko, DMD. Chief Dental Officer of University of Pittsburgh Medical Center Health Plan: I think that in the next administration, there will be less regulatory burden and with the incentives to manufacture in the U.S., products will become available and more affordable. Many products that are used in healthcare are based upon petroleum, including plastic tubing, composite resins, fluid bags and suction devices. Once we are able to produce more of these disposable products using our own resources rather than importing them from foreign counties, the quality will increase and costs will decrease and the healthcare consumers will benefit.