Republican Healthcare Bill Passes the House Headed for Senate

May 4, 2017 Share Print 0

The U.S. House of Representatives on Thursday cast enough votes to pass a Republican-sponsored bill that would repeal key parts of the Affordable Care Act, and replace them with new provisions.

The vote — certain to be touted as a big victory for President Donald Trump and House GOP leadership — now sends the controversial legislation to gut Obamacare over to the Senate for consideration.

But winning approval for the bill could be even more difficult in the Senate than it has been in the House, where Republican leaders struggled for nearly two months to wrangle up enough votes in their caucus to secure its passage.

“A lot of us have waited seven years to case this vote,” said House Speaker Paul Ryan, R-Wisc., shortly before the voting began. “Many of us are here because we pledged to cast this vote: to repeal and replace Obamacare.”

“This bill delivers the promises we have made to the American people,” Ryan said.

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.