Deal to Shore Up Obamacare Faces Big Hurdles, Including Trump - Bloomberg

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Senators may have struck a bipartisan deal to prop up Obamacare’s insurance exchanges, but it faces a tortuous path to becoming law.As soon as the deal was announced Tuesday, the Trump administration was sending conflicting signals about the pact reached by Republican Senator Lamar Alexander of Tennessee and Democrat Patty Murray of Washington, which also faces ambivalence from some Republican senators and outright hostility from many House Republicans.Coming days after a decision by President Donald Trump to scrap subsidy payments to Obamacare insurers, the deal is likely the only Obamacare legislation with a chance of passing Congress this year.But even though a number of Republicans are eager to prevent a collapse of the individual health insurance market, it would likely take a strong push by Trump to get it passed in both chambers.Trump has appeared to try to straddle the divide in his party on Obamacare, both encouraging Alexander to reach a deal with Murray and reveling in dismantling the Affordable Care Act.But the president also gloated on Oct. 14 after shares of health insurers fell following his order to end payments to help cover the cost of policies for low-income consumers.Trump’s Tweet“Health Insurance stocks, which have gone through the roof during the ObamaCare years, plunged yesterday after I ended their Dems windfall!” he said on Twitter.Trump acknowledged Tuesday that he had encouraged Alexander to reach a deal with Murray, but said he wanted to ultimately see states given blocks of money and be allowed to set up their own programs.“TheShort, the White House legislative director, emerged from a Tuesday lunch meeting where the deal was discussed saying the White House wants bigger concessions, including doing away with the part of the law requiring everyone to have insurance, either through their own policy or their employer.Later, speaking at the Heritage Foundation’s annual President’s Club meeting, Trump added: "While I commend the bipartisan work done by Senators Alexander and Murray -- and I do commend it -- I continue to believe Congress must find a solution to the Obamacare mess instead of providing bailouts to insurance companies.”‘Limited

  

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