Health industry breathes easier as post-Obamacare path stabilizes

Chairman of the House Budget Committee Tom Price (R-GA) announces the House Budget during a press conferenceBy Caroline Humer NEW YORK (Reuters) – Hospitals and health insurers are gaining confidence that their nightmare scenario – millions of Americans instantly losing health insurance once President-elect Donald Trump delivers on a promise to “repeal and replace” Obamacare – is looking more like a bad dream than becoming reality. The early view from the healthcare sector still includes an end eventually to President Obama’s signature health program. Trump tapped Republican Representative Tom Price, an orthopedic surgeon who drafted legislation years ago to replace the Affordable Care Act (ACA), as head of the U.S. Department of Health and Human Services.

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