The GOP’s Obamacare replacement might need some emergency treatment.
A leading House Republican on Tuesday said he has told the GOP leadership he will vote against their bill to repeal and replace key parts of the Affordable Care Act.
The loss of a vote from Rep. Fred Upton, R-Mich., the former chairman of the Energy and Commerce Committee, could make it much more difficult for Republicans to even dare to call a vote on their replacement bill, much less to get it passed this week.
Upton revealed his intention to vote against the bill during a call with a Michigan radio station. He cited the fact that a compromise amendment added to the bill last week would weaken the insurance coverage protections for people with pre-existing health conditions, which he has supported.
“This amendment torpedoes that,” Upton said. “And I told the leadership I cannot support this bill with this provision in it.”
“I know there are a good number of us that have raised red flags and real concerns” about the bill, Upton said. “And it’s not going to get my ‘yes vote’ the way it is.”
via CNBC
This article 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 Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Alfonso Esparza
Latest posts by Alfonso Esparza (see all)
- Goldman Forecasts Lower Stock Prices Ahead - 06/21/2018
- US Leading Economic Index Rose 0.4% in May - 06/21/2018
- Iran Could Reach OPEC Oil Output Compromise - 06/20/2018