US House today passed a legislation aimed at repealing and replacing Obamacare, setting in motion an overhaul of the nation’s healthcare system.
Addressing the media, President Donald Trump promised to bring down health insurance premiums and deductible as he celebrated the defeat of Obamacare on the floor of the House of Representatives.
The US House of Representatives today passed a legislation to repeal and replace Obamacare, handing down a major victory to Trump.
The American Health Care Act was approved mostly along partisan lines, 217-213, with just one vote to spare. No Democrats backed the bill, and a slew of Republicans opposed it as well.
“This is really an incredible healthcare plan. This has brought the Republican party together,” Trump told reporters in the Rose Garden of the White House along with scores of Republican lawmakers lead by the House Speaker Paul Ryan.
Trump exuded confidence that the bill would pass through the Senate.
“As far as I’m concerned, your premiums, they’re going to start to come down. We’re going to get this passed through the Senate,” Trump said.
“I don’t think you’re going to hear so much right now. The insurance companies are fleeing. It’s been a catastrophe. This is a great plan. I actually think it will get even better. This is, make no mistake, this is a repeal and a replace of Obamacare, make no mistake about it. Make no mistake,” he said, adding that premiums and deductibles will be coming down.
The American Health Care Act, which passed on a 217-213 vote in the House of Representatives now heads to the Senate.
The American Health Care Act repeals the core elements of Obamacare, including its subsidies to help people get coverage, expansion of Medicaid, taxes and mandates for people to get coverage.
In its place, the bill provides a new tax credit aimed at helping people buy insurance.