⏳ Final hours! Save up to 55% OFF InvestingProCLAIM SALE

U.S. Republicans expected to unveil healthcare bill this week

Published 03/05/2017, 10:01 PM
Updated 03/05/2017, 10:10 PM
© Reuters. U.S. President Donald Trump arrives aboard Air Force One at Joint Base Andrews, Maryland

WASHINGTON (Reuters) - Republican U.S. lawmakers expect to unveil this week the text of long-awaited legislation to repeal and replace the Obamacare healthcare law, one of President Donald Trump's top legislative priorities, a senior Republican congressional aide said on Sunday.

Since taking office in January, Trump has pressed his fellow Republicans who control Congress to act quickly to dismantle former Democratic President Barack Obama's Affordable Care Act and pass a plan to replace it, but lawmakers in the party have differed on the specifics.

Democrats have warned that Republicans risk throwing the entire U.S. healthcare system into chaos by repealing the 2010 law that was passed by congressional Democrats over united Republican opposition. Republicans condemn it as a government overreach, and Trump has called it a "disaster."

The aide cited progress in meetings and phone calls starting on Friday and lasting through the weekend involving House of Representatives Speaker Paul Ryan, Health and Human Services Secretary Tom Price, White House budget chief Mick Mulvaney, Trump domestic policy adviser Andrew Bremberg and others.

"We are in a very good place right now, and while drafting continues, we anticipate the release of final bill text early this week," said the aide, speaking on condition of anonymity.

The aide called the expected bill a "consensus Republican plan," but offered no details.

AshLee Strong, a spokeswoman for Ryan, said: "We are now at the culmination of a years-long process to keep our promise to the American people."

© Reuters. U.S. President Donald Trump arrives aboard Air Force One at Joint Base Andrews, Maryland

The Obamacare law has proven popular in many states, even some controlled by Republicans, and it enabled about 20 million previously uninsured people to get medical insurance, although premium increases angered some.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.