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Day 49: Backlash Comes from Both Sides with TrumpCare
schiffgold.com / BY SCHIFFGOLD / MARCH 10, 2017
This week, Trump announced the dawn of TrumpCare, his term coined for the replacement Republicans have built for the Affordable Care Act (ACA), initiated by Obama. The reaction from the entire country was less than desired from the White House, as both sides of the aisle criticized the newly proposed healthcare reformation plan. On top of that, Trump’s self-attributed growing markets may soon be at risk of halting as a rate hike is all but certain at the upcoming FOMC meeting. It, along with slow-to-get-rolling infrastructure plans, could decelerate the President’s market rally.
TrumpCare: Almost the Same as Obamacare, but with Less Paper
- Formally named the American Health Care Act, TrumpCare repeals the levies that the ACA initiated to pay for coverage.
- The levies being loosened are namely a tax on the wealthy, as well as not requiring businesses to provide healthcare, according to the L.A. Times.
- Key missing components: a full repeal of subsidized health care and competition opening across state lines.
TrumpCare was introduced, not to the sound of trumpets beckoning it into the world, but with much weeping and gnashing of teeth from the liberals in the house and Senate. Surprising to the President might have been the many Republicans grumbling at his healthcare initiative. This could be attributed to the fact that he laid out few details about what the plan actually improves as far as opening up the healthcare market to more competition.
The post Day 49: Backlash Comes from Both Sides with TrumpCare appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/03/10/day-49-backlash-comes-from-both-sides-with-trumpcare/
