Healthcare Stocks Threatened by the Collapse of 'Trumpcare'

19 July, 2017, 03:56 | Author: Pamela Mathis

Speaking to reporters alongside Vice President Mike Pence on Tuesday, Trump said he was "very disappointed" that several Republican senators did not get behind the bill.

"I have supported in the past, and will support again a clean repeal of Obamacare through reconciliation", Duncan tweeted.

Donald Trump's healthcare bill, also being called as TrumpCare, faces a defeat after the ObamaCare replacement plan failed on the House floor.

"If you really think about it, you look at it, and we've got 52 people", Trump said, "we had no Democrat support - which is really, you know, something that should be said". As an alternative, Senate Majority Leader Mitch McConnell (R-Ky.), in an attempt to keep the most crucial GOP campaign promise alive, put a repeal of Obamacare back on the table.

Democrats say republicans have tried to go it alone for too long.

The latest Republican effort to repeal and replace Obamacare collapsed Monday when two more GOP senators announced they were not supporting the bill.

Repealing those regulations would require 60 votes, instead of 50 votes like the current bill under consideration.

Apollo Global Management's (APO) Buy Rating Reiterated at Jefferies Group LLC
Liberty Global plc - Class C Ordinary Shares (NASDAQ:LBTYK) has declined 6.78% since July 12, 2016 and is downtrending. Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate.


In January, the Congressional Budget Office projected that simply repealing key provisions of the ACA would cast 32 million off health insurance by 2026.

"The events of the last couple of days around here with regard to health care have given us a real opportunity to do something together on a bipartisan basis - to improve the present health care delivery system in this country", he said in a statement.

"We were let down by all of the Democrats and a few Republicans", he tweeted.

On Monday, two other Republican senators announced their opposition to the legislation backed by Trump. 'But you've repealed it, and say the effective date is in the future'.

For seven years, the GOP has pledged to repeal Mr Obama's law.

The discussion could start with how to fix the private insurance market and how to better manage care for those that are part of the Medicaid expansion, Manchin said. McConnell had hoped this week to introduce this same piece of legislation, which the Republican majority passed at the time, but which was vetoed by President Obama. It would leave Obamacare's regulatory regime in place, which experts and the CBO believe would result in greater coverage losses than the various iterations of the Republican replacement plan lawmakers considered this year.

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