GOP Tax Bill Shreds Barack Obamacare
President Donald Trump declared victory for repealing Barack Obamacare in the Republican tax bill that was cleared the US Senate Wednesday.
The bill eliminates a tax penalty for Americans who don’t carry health insurance, a pillar of the Affordable Care Act (ACA).
Insurers warned that eliminating the requirement will cause them to raise premiums. Healthy people will have less incentive to sign up for coverage, leaving insurers with a sicker pool of customers overall, the companies and many economists and health policy.
“The individual mandate is being repealed. That means Obamacare is being repealed,” President Trump told reporters at the White House Wednesday. “We have essentially repealed Obamacare.”
President Trump said Republicans will come up with a “much better” replacement policy.
MAGA
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Paul Ebeling
Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.
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