House panels set for fight in Congress over replacing Obamacare
Republican proposal gets slammed by even its own lawmakers and lobbyists
Washington
A POTENTIALLY lengthy US legislative fight over replacement of the Obamacare health law got under way on Wednesday as two House of Representatives committees begin negotiating over changes to a Republican plan backed by President Donald Trump.
Both Democrats and Republicans are expected to try to reshape legislation that dismantles key provisions of the 2010 Affordable Care Act, Democratic former president Barack Obama's signature domestic policy achievement.
The Republican plan unveiled on Tuesday would scrap Obamacare's requirement that most Americans obtain medical insurance and replace its income-based subsides with a system of fixed tax credits of US$2,000 to US$4,000 to coax people to purchase private i…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Oil prices steady after Iran plays down reported Israeli attack
G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO
China moves to boost foreign investment in domestic tech companies
Xi orders China’s biggest military reorganisation since 2015
Warner Bros CEO earned US$49.7 million in strike-impacted year