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Trump Threatens To Cut “Bailouts” To Congress And Insurance Firms If Obamacare Is Not Repealed

July 30, 2017

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President Donald Trump tweeted on Saturday threatening to stop government payments to health insurers if Congress abandons its quest to repeal and replace Obamacare, one of his key campaign promises, the Gateway Pundit reports.

Trump said in a tweet, “If a new HealthCare Bill is not approved quickly, BAILOUTS for Insurance Companies and BAILOUTS for Members of Congress will end very soon!”

The president may be referring “bailouts for insurance companies” to cost-sharing reduction subsidies, which he has previously said he would cut in order to force the Democrats to join the negotiations in reforming health care.

The GOP leadership in the Senate was dealt a major blow earlier this week when a majority of senators, including fellow Republicans, rejected several proposals aimed at repealing the Affordable Care A