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Senators Reach Bipartisan Deal To Keep Obamacare Subsidies, Send Healthcare Stocks Soaring

It appears that President Trump's action last week has scared lawmakers, as taking the subsidy 'punchbowl' away from healthcare providers has been suddenly met with a bipartisan deal that Republican Senator Alexander says would maintain Obamacare safeguards for two years. Healthcare stocks are soaring back from the recent weakness to new record highs...

As The Hill reports, Sens Lamar Alexander (R-Tenn.) said Tuesday that he and Sen. Patty Murray (D-Wash.) have reached a bipartisan deal to stabilize ObamaCare.

The deal would extend key Obamacare payments to insurers for two years and give states more flexibility to change Obamacare rules. 

Healthcare company shareholders are exuberant...

GOP Sen. Lamar Alexander of Tennessee tells reporters that the next step will be for him and his negotiating partner — Democrat Patty Murray — to win enough support from colleagues to push it through Congress.

Earlier, Alexander said in an interview that he was nearing agreement with Murray to continue federal payments to insurers for two more years. In exchange, Republicans want Congress to give states flexibility to avoid some coverage requirements under President Barack Obama's health care law.

Trump halted the insurers' payments last week, but has said he wants a bipartisan deal to continue them temporarily.

Trump spoke in the Rose Garden Tuesday at a joint press conference with the Greek prime minister, saying "Obamacare" is "everything but dead."

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