Republican Healthcare Bill Passes the House Headed for Senate

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

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 info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

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