New York, NY….Stock indexes have turned lower on failure by the Republicans to pass the Obamacare replacement on Friday. The larger issue for the markets is whether this will slow down tax cuts and other plans to get the GDP rate back up to the 4% range. Even though this try failed the underlying problems with the healthcare sector are not going away. Many are now openly criticizing Republicans for not having a consensus plan in place after running, winning elections and fundraising on “Repeal & Replace”. Republicans seem to be finding it harder to govern than just be the opposition.
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