July 18, 2017 / 8:22 PM / 8 months ago

Senate Finance chair warns of insurance bailout without Obamacare repeal

WASHINGTON (Reuters) - U.S. Senate Finance Committee Chairman Orrin Hatch warned on Tuesday of dire consequences if Congress fails to repeal Obamacare, including the collapse of health insurance markets.

Senator Orrin Hatch (R-UT) speaks with reporters about the withdrawn Republican health care bill on Capitol Hill in Washington, U.S., July 18, 2017. REUTERS/Aaron P. Bernstein

“Among other things, it means a congressional bailout of failing insurance markets, probably before the end of 2017,” Hatch said in a statement. “Frankly, that ship may have sailed on that one after last night’s developments. We’re probably looking at an insurance bailout one way or another.”

Reporting by Susan Cornwell; Writing by Doina Chiacu; Editing by Leslie Adler

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below