WASHINGTON (ABC NEWS) – Republicans in congress are saying the fight to repeal and replace Obamacare isn’t over. They plan to reach out to democrats to make it happen.
Days after the republican effort to repeal and replace Obamacare crumbled in the senate, now there is a new hope.
Both sides are calling for a solution. With Republican Senator Lamar Alexander and Democratic Senator Patty Murray teaming up saying they want to see federal payments to insurers that help millions of low and moderate-income Americans afford coverage for at least another year.
But President Trump has threatened just the opposite, Tweeting “If a new healthcare bill is not approved quickly, bailouts – end very soon!” And he’s repeatedly said the only alternative to a repeal is to let Obamacare fail.
Some senators are now ignoring those threats from the president.
Consumers could face sharp increases in their premiums and a shrinking number of insurance options and those increases could be severe. The Wall Street Journal reports that some insurers are seeking premium jumps of 30-percent and higher if congress doesn’t do something to stabilize the markets.