www.varchev.com

GOP Obamacare repeal bill betrays key Trump campaign promise

Rating:

12345
Loading...

During the 2016 presidential campaign, Donald Trump stumped hard on promises not to touch Social Security, Medicare, and Medicaid. There are about 59 million Social Security beneficiaries in the US now, and Medicare provides health coverage to 56 million, and Medicaid 71 million, including 14 million covered under the Affordable Care Act’s Medicaid expansion.

Within the first 70 days days of his presidency, Trump has followed through on another campaign promise, dismantling Obamacare, by promoting a repeal bill. However, the pursuit of that goal has led him to break his promises to fully protect Medicare and Medicaid. The repeal bill makes significant cuts to Medicaid coverage and shrinks Medicaid funding.

Known as the American Health Care Act, the bill would repeal much of the ACA (known as Obamacare) if Congress approves it, including wiping out the Medicaid expansion by removing coverage for an additional 14 million people. This would violate the campaign promise not to cut Medicaid.

“The overriding law means [Medicare] can’t pay out more than it has in its trust fund. This would spell a major cut,” CRFB Senior Policy Director Marc Goldwein told Yahoo Finance recently. “If providers aren’t getting paid on time or get paid less, it’s hard to imagine this doesn’t at least hurt access if not quality or availability of care for seniors.”

“President Trump couldn’t have been more clear on the campaign trail that he would not cut Medicare and Medicaid,” Sen. Elizabeth Warren (D-MA) told Yahoo Finance. “Now he’s giving a big hug to Paul Ryan’s plan to slash $880 billion from the Medicaid program, which will hurt people with disabilities, working families, babies, and seniors in nursing homes.”

Yahoo Finance


 Varchev Traders

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy