GOP healthcare reform falls flat

Chief strategist at Horizon Investments, Greg Valliere, is telling his clients that defeat of the BCRA would deal a serious blow to Trump's legislative agenda.

Jason Spencer | Jul 20, 2017

The Republican-led Senate efforts to repeal and replace the Affordable Care Act appeared to fizzle Monday night when in a surprise move, Senators Mike Lee and Jerry Moran opposed the GOP-crafted Better Care Reconciliation Act (BCRA).

"I was very surprised when the two folks came out last night because we thought they were in fairly good shape but they did," said President Trump to reporters, according to Business Insider.

Chief strategist at Horizon Investments, Greg Valliere, is telling his clients that defeat of the BCRA would deal a serious blow to Trump's legislative agenda.

"Last night's death of the health bill is an unmitigated disaster for Trump, who said last year that it would be easy to replace Obamacare with 'something terrific,'" Valliere wrote in a note to clients, as reported by Business Insider.

Trump did little to help passage of the bill he said he supported. He called the House version of the legislation "mean" and often seemed not to understand its specific provisions or policy implications.

"This president is the first president in our history who has had neither political nor military experience," said Senator Susan Collin (R-Maine), who opposed the BCRA. "Thus, it has been challenge to him to learn how to interact with Congress and how to push his agenda forward. I also believe it would have been better had the president started with infrastructure, which has bipartisan support, rather than tackling a political divisive and technically complicated issue like healthcare."

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