Mohacsy's Safe Portfolio Member Forum

[Elroy Jetson]

It's little wonder healthcare stocks have been little affected by potential legislative changes.

Under Trump and Ryans's American Health Care Act, as originally introduced earlier this month, a 64-year-old earning $26,500 a year would pay $14,600 a year out of pocket for health insurance, compared to $1,700 under Obamacare.

Paul Ryan's changes to his bill other Republicans nicknamed "The Please vote me out of Office Act" would reduce the 55% of income older Americans would be required to spend on healthcare down to an unspecified lower percentage, but these changes eliminated most of the projected budget savings and left the bill far short of the number of Republicans votes needed for it to pass the House of Representatives.

Neither the original Bill nor the revised version pass muster with Republican Senators concerned about Medicaid cuts in their States.


An actual repeal of ObamaCare would require 60 of the 100 votes in the Senate, and Mitch McConnell can only get 23 Senate votes for that action.

This fact is seemingly lost on most members of Congress, and perhaps President Trump as well - so healthcare stocks have nothing to fear. It's all just a side-show act without consequence.