Donald Trump’s Hard Lesson About Repealing Obamacare

Early in the morning on March 23, 2017, President Donald Trump declared that his administration is “taking action to repeal and replace Obamacare” and urged his supporters to write their Congressional Representatives in support thereof.

However, it appears that Donald Trump’s endeavor to repeal and replace the Patient Protection and Affordable Care Act is not going as smoothly as he and his minions would have hoped.

Although on March 23, White House press secretary Sean Spicer assured the media that there would be a vote that day and President Trump promised as much to a table of truckdrivers, White House Officials and House Speaker Paul Ryan relayed Trump’s demand to House Republicans for them to halt negotiations and simply vote.

Unfortunately, though the GOP needs at least 21 of their caucus to vote in favor of repealing and replacing the Affordable Care Act, four House Republicans have hinted that they are against the bill, CNN reports that 26 have declared outright that they are dead set against it, and one in particular, Thomas Massie of Kentucky changed his vote from “No” to “Hell, No.”

In an interview with The Washington Examiner, Massie denounced Trump’s alternative to the Affordable Care Act as “a stinking pile of garbage” and remarked:

“I’ve been wondering what the payment mechanism is, but I found out today that the check goes straight to the insurance company. They’re the ones that get a monthly check to subsidize health insurance for almost everybody.”

CNN also reports that whereas the original Republican health care bill would would have lowered federal deficits by $337 billion over the course of a decade, revised estimates show that legislation to repeal major portions of the Affordable Care Act would only shave $150 billion off the deficits in 10 years.

CNN’s Jake Tapper took the opportunity to rake both President Trump and House Speaker Paul Ryan over the coals for this debacle.

“It turns out it’s a lot easier for Republican leaders to say ‘repeal and replace’ than to do it.Seven years ago, the Affordable Care Act or Obamacare was signed into law by President [Barack] Obama and since that time Republicans have been planning, hoping, dreaming for this day, the moment where they could finally repeal Obamacare and replace it with their solution to the nation’s health care mess.

“Now weeks after optimistic talk from house leaders, declarations from White House secretary Sean Spicer that ‘the bill will pass the House tonight and there is no Plan B,’ well, the bill was in such peril Republican leaders pulled it and postponed the vote. And what critics are calling an ’embarrassing and ignominious move,’ so humiliating, it signifies the only thing worse would have been to actually bring it to a vote where Republican leaders were apparently confident it would die.”

Twitter users seized upon this epic fail, wasting no time in giving Trump the roasting he deserves.

Meanwhile, in the wake of the stock market seeing the worst trading day since the fall of 2016 with the Dow Jones Industrial Average, the Standard & Poor’s 500 and the National Association of Securities Dealers Automated Quotations logging steep drops on March 21, 2017, Wall Street Analysts are concerned about the ramifications of the delay in voting on Donald Trump’s American Health Care Act. Dan Clifton, head of policy research at the research firm Strategas Research Partners LLC wrote in a column for Barron’s on March 23:

“Failing to pass the ACA takes away the potential for nearly $1 trillion of tax cuts over the next 10 years and puts the larger agenda in question.”

Clifton also noted that President Trump’s American Health Care Act “is a fiscal policy measure before a health care bill,” as it eliminates two Medicare taxes that are exclusively imposed on the wealthy.

CNN senior Washington correspondent Brianna Keilar mused that Donald Trump is being given “schooling on how Washington works.” She also remarked:

“If you listen to Donald Trump it makes it sound like it’s an imminent danger of collapse. It isn’t. It’s something you can say so that then if you do, quote/unquote, repeal it or make changes you can say, ‘Wow, we dodged a bullet there.’ But if you wait and the bullet never comes — that a problem.”

 

 

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