Trump Administration Changes Tactics Will Now Fix Obamacare

President Donald Trump’s latest take on U.S. health insurance policy is that striking a deal on a new bill to overhaul Obamacare will be “an easy one” and is “going to happen very quickly.”

Say what? Was there anything that looked easy about the failure of the GOP’s Obamacare replacement bill? Did the 17 percent approval rating for that bill make it look like an easy product to sell to the voters? Did everyone in the White House just forget about the last two weeks?

No. What’s likely behind President Trump’s latest bit of bluster is the simple fact that he and the Republican leadership have abandoned the notion of repealing Obamacare and will now pursue the relatively easier process of “fixing” the Affordable Care Act by adding a few changes and calling it a day.

In other words, the White House and establishment Republicans are surrendering. And surrendering is easy.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza