What If Obamacare and Trumpcare Both Collapse?July 12, 2017 |
by Keith Speights
Obamacare is on the verge of collapse — at least according to some in Washington. It’s easy to see why they think that’s the case. Major insurers, including UnitedHealth Group (NYSE:UNH), have pulled out of most Obamacare exchanges after losing billions of dollars. Aetna (NYSE:AET) is one large insurer that has totally withdrawn from Obamacare exchanges.
On the other hand, Trumpcare could be on the verge of collapse, as well. Sen. John McCain (R-Arizona) stated over the weekend that the Senate GOP healthcare bill endorsed by President Trump is “probably going to be dead.”