Leading House Republican to Vote NO on Obamacare Repeal Bill

May 2, 2017 Share Print 0

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

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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.