It's 'reckless' to repeal Obamacare and replace it later, says Obama

Trump to 'Smooth' Obamacare Phase Out by Executive Order

"Healthcare's not cheap", Obama said in an interview with Vox broadcast online on Friday.

President-elect Donald Trump's senior adviser, Kellyanne Conway, said on MSNBC Tuesday morning that "it could take years to actually complete the process" of replacing Obamacare, and House and Senate Republicans are still far from any sort of consensus on what they'd want to replace the Affordable Care Act with.

Republicans have been eager to repeal the Affordable Care Act ever since President Barack Obama signed it into law in 2010.

Obama told his fellow Democrats at a Wednesday meeting on Capitol Hill not to "rescue" Republicans on Obamacare, and to "look out for the American people".

Trump to 'Smooth' Obamacare Phase Out by Executive Order

Those problems have undermined the law's popularity and now its very existence is in jeopardy.

Almost two-thirds of Republicans believe that repealing Obamacare should be a top priority for Trump and the new Congress.

Republicans probably will need just a simple Senate majority to approve their repeal bill, but for procedural reasons, later replacement legislation likely will need 60 votes.

The law has enabled upward of 20 million Americans who previously had no medical insurance to get coverage and is considered Obama's top legislative achievement.

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The heart of the Obamacare overhaul of the health care system is a shift away from the long-standing system of employer-sponsored insurance, which is deemed too generous and expensive for corporations, toward a system in which people are forced to purchase insurance on an individual or household basis from the private insurance conglomerates. They may not be thrilled with Obamacare, but they sure want to see what's going to replace it before it's ripped apart. "But they have to show it". During the Democratic press conference, a placard carrying their new anti-repeal rallying cry, "Make America Sick Again" was placed front-and-center.

Trump had said earlier on Twitter that Republicans "must be careful in that the Dems own the failed ObamaCare disaster, with its poor coverage and massive premium increases". If they do a flat repeal, the political backlash will be spectacular - and none of their policy ideas have the faintest chance of delivering anything better.

The Hill is reporting that The Feb. 20 target was put forward by incoming House Budget Committee Chairman Diane Black (R-Tenn.), said Rep. Markwayne Mullin (R-Okla.), leaving a meeting with House Republicans and Vice President-elect Mike Pence on Wednesday.

Insurance companies exited many exchanges after losing hundreds of millions of dollars in 2016.

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President Obama is now in the home stretch of his Presidency, but rather than relief and celebration, his last days have played out under the pallor of watching Republicans seize on rolling back his eight years in office. Paul and two others are concerned that Republicans haven't said yet how they would replace the health insurance scheme after repeal, with one of them also opposing the plan to defund Planned Parenthood as part of the repeal. CEO Mark Fields said: "We look at all factors, including what we view as a more positive USA manufacturing business environment under President-elect Trump".

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