Wednesday, July 26, 2017

What's Next For Obamacare Repeal: A Primer From Goldman And Citi

At Zero Hedge| by Tyler Durden

As reported earlier, after yesterday's surprising Senate GOP "victory", when it found the bare minimum number of votes to open debate on Republican Healthcare legislation, Republicans suffered an immediate defeat just hours later when the Senate voted soundly against (with 9 Republicans joining Democrats) a "Repeal and Replace" of Obamacare. Shortly, the Senate is expected to vote on a clean Repeal bill (it was originally scheduled for noon but was pushed back to 3:30pm) which, however, is also not expected to have the 51 votes necessary to be approved. There is still some hope that a scaled-down "skinny" bill will find the needed support, earlier in the day the Freedom Caucus said they are against a fully pared down bill, which suggests that there will likely be no progress on either repealing (and replacing) Obamacare nor passage of a Republican alternative.
So what happens next?

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