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.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at firstname.lastname@example.org. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.