Second House Panel Approves Obamacare Replacement Plan

© Reuters. On Capitol Hill you see copies of the amendments offered during a marathon hearing by the House Committee on Energy and Commerce on a possible replacement of the Affordable Care Act.

WASHINGTON (Reuters) – A Republican plan backed by President Donald Trump to reform America’s healthcare system passed a second congressional panel on Thursday, despite controversy among lawmakers, hospitals and insurers over its unknown costs and the impact on coverage.

The House of Representatives Energy and Commerce Committee approved the proposal to repeal and replace former President Barack Obama‘s “Affordable Care Act” by a 31-23 vote, after debating the bill for more than 24 hours.

The plan had been approved early Thursday by the tax-writing Ways and Means Committee.

Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading financial markets, it is one of the riskiest investment forms possible.