Trump Touts “Highest Stock Market Ever”, Slams Congress’ Exemption From ‘Disastrous’ ObamaCare

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People Not In Labor Force Soar By 608,000 To 94.983 Million

Trump Touts “Highest Stock Market Ever”, Slams Congress’ Exemption From ‘Disastrous’ ObamaCare:

President Trump is active this morning. His first tweet of the week was a shot across the bow of Congress (who exempted themselves from Obamacare because it was such a disaster) and suggesting – shockingly to many in DC – that insurance companies may face some pain…

But then, having discussed the “bad”, he pivoted to what he sees as “the good” – the stock market, unemployment, and wages – proclaiming there is “No White House Chaos”…

Which, as we detailed previously, could be a big mistake…

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John McCain Kills Obamacare Repeal With Single Decisive Vote

John McCain Kills Obamacare Repeal With Single Decisive Vote:

In the end it was not meant to be: Senate Republicans failed, by a single vote, to pass a month-long effort to pass Republican healthcare legislation culminating with a vote on a “skinny” bill to repeal Obamacare thanks to a single decisive vote by Donald Trump’s nemesis, John McCain.

In a devastating blow to President Trump and his healthcare agenda, Senate Republicans voted 49 to 51 to pass a slimmed down bill put forward as a last gasp effort to overhaul the US healthcare system, leaving the fate of Obamacare in the hands of Democrats and the general public.

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Senate Chaos Returns: Six Hours After Major GOP Victory, “Repeal And Replace” Is Voted Down

Senate Chaos Returns: Six Hours After Major GOP Victory, “Repeal And Replace” Is Voted Down:

Just six hours after a major victory for Senate Republicans who received enough votes to proceed on the healthcare legislation motion debate, the plan to “repeal and replace” Obamacare failed to get enough votes for approval.

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Boehner Bashes GOP – Will Never Repeal & Replace Obamacare, “It’s Been Around Too Long”

Boehner Bashes GOP – Will Never Repeal & Replace Obamacare, “It’s Been Around Too Long”:

“…they’re never… going to repeal and replace Obamacare…It’s been around too long. And the American people have gotten accustomed to it… and quit tweeting… Never get into a pissing match with a skunk. He does it every day.

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Pulitzer Prize Winning Editorial Writer At The Wall Street Journal, Found Dead at 34

Joseph Rago, Wall Street Journal Editorial Writer, Dies at 34:

Joseph Rago, a Pulitzer Prize winning editorial writer at The Wall Street Journal who was known for his richly reported pieces and influence on policy makers, was found dead Thursday evening at his home in Manhattan. He was 34 years old.

The New York Police Department found Mr. Rago dead in his apartment at 7:40 p.m., according to a police official. The authorities went to check on Mr. Rago after he didn’t show up for work on Thursday. Paul Gigot, the editor of the Journal’s editorial page, had alerted the paper’s security officials, who then contacted the police.

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Senate Republicans Reveal New “Obamacare-Lite” Healthcare Bill

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Senate Republicans Reveal New “Obamacare-Lite” Healthcare Bill:

In what could very well end up being just another exercise in futility, Senate Majority Leader Mitch McConnell has just released a new version of a healthcare plan which, among other things, incorporates demands from Senator Ted Cruz (R-TX) and Senator Mike Lee (R-UT) to allow insurers to sell low-cost, skimpier plans all in an effort to draw conservative support for the new bill.

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New Healthcare Bill Will Include Cruz-Lee Amendment And $45 Billion To Fight Opioid Epidemic

New Healthcare Bill Will Include Cruz-Lee Amendment And $45 Billion To Fight Opioid Epidemic:

While no one has seen the Senate’s revised healthcare bill as of yet, early indications suggest that it will include a version of a controversial amendment from Senators Ted Cruz (R-TX) and Mike Lee (R-UT) that has become a sticking point in the negotiations.  Among other things, the amendment would allow insurers to sell plans that do not meet ObamaCare regulations if they also sell a plan that does meet those rules.

Called the “Consumer Freedom Amendment,” we highlighted the main points of the Cruz/Lee proposal last month:

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Obamacare Death Spiral: At Least 2 Million Adults Ditch Coverage In 2017 Amid Soaring Premiums

Obamacare Death Spiral: At Least 2 Million Adults Ditch Coverage In 2017 Amid Soaring Premiums:

As Democrats continue to defend an obviously failed Obamacare system, the effects of soaring rates and collapsing coverage options seem to be taking a toll on the number of people actually buying health insurance these days.

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GOP Folds: Senate To Delay Healthcare Vote Until After July 4

GOP Folds: Senate To Delay Healthcare Vote Until After July 4:

CNN reports that, as many speculated, that Mitch McConnell will delay the vote on healthcare until after the July 4 recess, confirming last night’s news that Republicans simply don’t have the needed number of votes in the Senate.

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Warren Buffett Says America Is “So Rich” It Can Afford Single Payer

Warren Buffett Says America Is “So Rich” It Can Afford Single Payer:

In the latest example of a multi-billionaire “knowing” what is best for the average American, Berkshire founder Warren Buffett told PBS that UK-style single-payer healthcare would be the best system for the US.

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The Real Healthcare Crisis: Retiring Seniors Need $500k To Cover Premiums Even With Obamacare

The Real Healthcare Crisis: Retiring Seniors Need $500k To Cover Premiums Even With Obamacare:

Shockingly, the reality is that a couple retiring today can expect to pay nearly a half million dollars in just insurance premiums over the course of the remainder of their lives.

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“The Medical System As We Know Is Going To Blow Up… And Soon”

“The Medical System As We Know Is Going To Blow Up… And Soon”:

The medical system as we know it is going to blow up, and soon, just like the pension systems across the country, and the treasuries of the fifty states themselves, and the rest of the Potemkin US economy.

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Obamacare Death Spiral: First 2018 Coverage Map Reveals At Least 47 Counties With No Coverage

Obamacare Death Spiral: First 2018 Coverage Map Reveals At Least 47 Counties With No Coverage:

“This is yet another failing report card for the Exchanges. The American people have fewer insurance choices and in some counties no choice at all…”

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Obamacare “Death Spiral”: Maryland Insurer Seeks 50% Premium Increase For 2018

Obamacare “Death Spiral”: Maryland Insurer Seeks 50% Premium Increase For 2018:

“What we’re seeing is greater sickness levels. The pool of beneficiaries is becoming sicker, in part because healthier people are not coming in at the same level we hoped.  We were hoping for more stability. The factors that I have described to you today lead to instability and to a spiral, and we think we are in the beginning of that.”

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Republicans Pass Obamacare Replacement Bill; Let The Senate Bickering Begin

Republicans Pass Obamacare Replacement Bill; Let The Senate Bickering Begin:

After a stunning defeat on March 24th, followed by over a month of back and forth bickering, Paul Ryan & Co. has finally passed an Obamacare replacement bill by a final vote of 217 – 213.

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