Republican efforts to overhaul or repeal Obamacare collapsed in the Senate on Tuesday, dealing a setback to President Donald Trump and the Republican Party’s seven-year quest to kill the healthcare law.
The news rattled financial markets with a doubt whether Trump’s other domestic policy priorities, such as tax reform, can get through a divided Congress.
Saying he was disappointed, Trump suggested at the White House that he might let the insurance markets created under Obamacare go under and then try to work with Democrats on a rescue.
“We’re probably in that position where we'll just let Obamacare fail,” Trump told reporters. “We will let Obamacare fail, and then the Democrats are going to come to us.”
US President Donald Trump looks on as he meets with his Ukrainian counterpart Petro Poroshenko in the Oval Office at the White House in Washington on June 20, 2017. NICHOLAS KAMM/AFP/Getty Images
