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New Blow for Trump as Obamacare Repeal Bid Collapses

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Health Insurance
  • New Blow for Trump as Obamacare Repeal Bid Collapses

President Donald Trump faced the biggest blow yet to his young presidency as his bid to repeal Obamacare went down in flames at the hands of rebel Republican lawmakers.

Barely two months into his term, Trump was forced to withdraw an embattled Republican health care bill Friday, moments before a vote, leaving his campaign pledge to dismantle his predecessor’s health care reforms unfulfilled.

The stinging defeat showed the limits of Trump’s power to deliver on an ambitious legislative agenda despite Republican control of both houses of Congress.

Already rocked by a string of damaging reversals and controversies, Trump must now consider how to move forward in the face of a fractured, rebellious Congress.

“Trump will have a very hard time dealing with these divides because he does not understand them,” said John Pitney, a professor of American politics at Claremont-McKenna College.

On Trump’s agenda are a major overhaul of the tax system and a bill to upgrade infrastructure like roads and bridges.

“We were very, very close” to securing enough support for the bill, Trump said in the Oval Office.

But with no Democratic backing, “we couldn’t quite get there.”

Trump had thrown his full political weight behind the measure, spending days arm-twisting recalcitrant Republicans, and he declared himself “disappointed” and a “little surprised” by the defeat.

The battle was an eye-opening experience for Trump, a billionaire real estate tycoon who entered the White House with no experience in politics or government, including the delicate navigations of Congress.

The bill’s defeat marked a second major policy setback for the new president, who has seen his attempt to curb travel from Muslim-majority countries twice frozen by the courts.

Instead of projecting humility, Trump went on the offensive Friday, branding Democrats as the real “losers” of the failed repeal bid because “now they own Obamacare. They own it, 100 percent.”

The president met with House Speaker Paul Ryan earlier in the day, then spoke with him by telephone when it was clear the party did not have the votes to get its plan across the finish line.

“I told him that the best thing I think to do is to pull this bill and he agreed with that decision,” Ryan said.

But while Trump was quick to blame Democrats for not giving “a single vote” for his plan, Ryan owned up to the failures.

“I will not sugar coat this. This is a disappointing day for us,” said the top Republican in Congress.

– Start over –

The Trump-backed plan, intended to expand free-market competition in the insurance industry and lower the cost of premiums for most Americans, would also have slashed public assistance to people who have no health coverage through their employer.

Some 14 million people stood to lose their coverage starting next year, according to congressional forecasts.

Basic benefits covered under Obamacare — such as maternity care and emergency room visits — would no longer have been considered essential and required for insurers to provide.

The bill now appears dead, with Republican lawmakers urging a return to the drawing board.

“Clearly, the votes weren’t there,” said Congressman Charlie Dent, one of several moderate House Republicans who expressed concerns over the bill’s impact on poor and elderly Americans.

“So I think it’s important now that we start over, and we do a durable, sustainable health care reform and it be done in a bipartisan way,” he added.

By pulling the bill, Ryan flew in the face of a White House that had declared negotiations over and demanded a vote on Friday.

Trump had put his reputation as a dealmaker on the line with the high-risk vote.

Congressman Mo Brooks, a member of the ultra-conservative House Freedom Caucus that largely opposed the measure on grounds it was too similar to Obamacare, said he was “pleased as could be that the legislation has failed,” arguing it would have been bad for Americans.

But he refused to place blame on the president.

“I don’t think this reflects on the president in any way, shape or form,” Brooks said.

But some conservative centrists expressed frustration with recalcitrant hardliners.

“The House Freedom Caucus just single-handedly saved #Obamacare,” Republican Congressman Adam Kinzinger charged on Twitter.

– ‘Law of the land’ –

It was not clear when Congress would return to health care, as Trump said he would shift quickly toward tax reform, another longstanding goal of Republicans.

“Obamacare is the law of the land. It’s going to remain the law of the land until it’s replaced.”

Democrats said they were open to cooperation — provided Republicans wanted to help fix the existing law.

“We’re ready to work with the president,” Senate Minority Leader Chuck Schumer said on CNN.

“Take repeal off the table,” and “we’ll work with them on improving Obamacare.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

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Yahaya Bello

The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

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Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

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NIMC enrolment

Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

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Israeli President Declares Iran’s Actions a ‘Declaration of War’

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Israel Gaza

Israeli President Isaac Herzog has characterized the recent series of attacks from Iran as nothing short of a “declaration of war” against the State of Israel.

This proclamation comes amidst escalating tensions between the two nations, with Iran’s aggressive actions prompting serious concerns within Israel and the international community.

The sequence of events leading to Herzog’s grave assessment began with a barrage of 300 ballistic missiles and drones launched by Iran towards Israel over the weekend.

While the Israeli defense forces managed to intercept a significant portion of these projectiles, the sheer scale of the assault sent shockwaves through the region.

President Herzog’s assertion of war was underscored by Israel’s careful consideration of its response options and ongoing discussions with its global partners.

The gravity of the situation prompted the convening of the G7, where member nations reaffirmed their commitment to Israel’s security, recognizing the severity of Iran’s actions.

However, the United States, a key ally of Israel, took a nuanced stance. President Joe Biden conveyed to Israeli Prime Minister Benjamin Netanyahu that, given the limited casualties and damage resulting from the attacks, the US would not support retaliatory strikes against Iran.

This position, though strategic, reflects a delicate balancing act in maintaining stability in the volatile Middle East region.

Meanwhile, Russian Foreign Minister Sergei Lavrov and his Iranian counterpart Hossein Amir-Abdollahian cautioned against further escalation, emphasizing the potential for heightened tensions and provocative acts to exacerbate the situation.

In response to the escalating crisis, the Nigerian government issued a call for restraint, urging both Iran and Israel to prioritize peaceful resolution and diplomatic efforts to ease tensions.

This appeal reflects the broader international consensus on the need to prevent further escalation and mitigate the risk of a wider conflict in the Middle East.

As Israel grapples with the implications of Iran’s aggressive actions and weighs its response options, President Herzog reiterated Israel’s commitment to peace while emphasizing the need to defend its people.

Despite calls for restraint from global allies, Israel remains vigilant in safeguarding its security amidst the growing threat posed by Iran’s belligerent behavior.

The coming days are likely to be critical as Israel navigates the complexities of its response while international efforts intensify to defuse the escalating tensions between Iran and Israel.

The specter of war looms large, underscoring the urgency of diplomatic engagement and concerted efforts to prevent further escalation in the region.

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