Republican Senator Says Trump Administration Shouldn’t Have Started with Healthcare

President Donald Trump and House Republican leaders would have been better served by attempting tax reform or boosting infrastructure spending before taking on a health-care overhaul, GOP Sen. Bob Corker told CNBC on Tuesday.

Trying to repeal and replace Obamacare was the “wrong place to start,” said Corker, chairman of the Senate Foreign Relations Committee and a member of the Banking and Budget committees. “There are so many things we can agree together on. Infrastructure may be one. Tax reform may be one. We kind of led with our chin.”

So until a health-care deal can be reached, the Tennessee Republican said he would like to see Americans who don’t have the ability to buy insurance on Obamacare exchanges allowed to use their health subsidies to purchase coverage outside the marketplaces.

“That would begin to do away with some of the harmfulness that’s accruing to Tennesseans and people all across our country that don’t have a choice,” he argued.

Vice President Mike Pence and two top White House officials late Monday reportedly made a new offer to the hardline conservative House Freedom Caucus, whose opposition spurred Speaker Paul Ryan to embarrassingly pull the GOP’s Obamacare replacement bill last month.

Under the administration’s offer, states would be allowed to apply for waivers from several coverage requirements imposed on insurers by former President Barack Obama’s 2010 health-care law.

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