Video feed courtesy of CNN.
The day after threatening to walk away from health care entirely if his bill did not pass, President Donald Trump along with House Speaker Paul Ryan pulled the bill would have begun the process to repeal the Affordable Care Act.
House lawmakers voted Friday, March 24, on Trump’s first major legislation since taking office, the American Health Care Act. The bill called for refundable tax credits (ranging from $2,000 to $4,000) to help people afford coverage, repeal mandates, delay of the Cadillac tax, revamp of Medicaid funding, among other details.
According to a senior GOP official, Ryan directly recommended that Trump pull the bill due to lack of support in the House. Trump made his ultimate decision at 3 p.m.
“I really believe Obamacare is a law that is collapsing, it’s hurting families, it’s not working. It was designed in a fundamentally flawed way,” Ryan said. “We believe this bill is the best way to go but we just didn’t get the consensus to get there.”
Conservative Republicans were also among the critics; they called the bill “Obamacare Lite” because it does not fully destruct the Affordable Care Act. Others who oppose the bill believe it will reverse gains made by this same act. It is predicted by the Congressional Budget Office that under the GOP bill, 24 million fewer people would be insured by 2026.
Proponents of the bill believe it could prevent the individual health market crash.
“What would be really good, with no democrat support, if the democrats went in, it explodes, which it will soon, if they got together with us and got a real health care bill I’d be totally open to it. And I think that’s going to happen,” Trump said.
Trump blames the Democrats regardless for showing no support for his bill. Next, he plans to tackle tax reform.