Romney Might Not Repeal All of Obamacare

Obamacare has been a source of interest for this upcoming election for a number of reasons, and Republican presidential nominee Mitt Romney isn’t making things easy.

First, people wondered if the Supreme Court would strike down the law, thus hurting the president’s chances for reelection. Then, the discussion turned to what would happen to the Affordable Care Act (ACA) if Republicans won the election in November.

And on top of all that uncertainty was the fact that Romney set up a similar health insurance program in Massachusetts when he was governor. In fact, that previous experience was one of the sticking points other Republican candidates had brought up in debates against Romney, questioning if he was the right nominee for the party.

Perhaps that is why money on Wall Street seems to be acting as if ACA is around to stay. Investment U suggested that investments made by those on Wall Street might be signaling an Obama victory come November. But it might simply be that those investing don’t think Romney will completely do away with Obamacare if he is elected.

Despite the fact that his party loathes the health reform law, Romney has now said that he wouldn’t get rid of the entire reform, according to an interview on NBC’s “Meet the Press.” A very different tune from the one he sang throughout his campaign when he vowed to repeal and replace Obamacare.

Considering that Romney’s own state health care reform plan served as a model for ACA, it isn’t entirely surprising that the Republican nominee isn’t too keen on scrapping the whole reform.

He told “Meet the Press that he was replacing Obama’s plan with his own.

“I’m not getting rid of all of health care reform. Of course, there are a number of things that I like in health care reform that I’m going to put in place. One is to make sure that those with pre-existing conditions can get coverage.”

All in all, this latest turn of events simply means that the future of ACA is more uncertain than ever. Who wins the election isn’t the only thing that matters. At this point, it seems as if Romney hasn’t entirely decided what he’s going to do, despite his initial promise to repeal Obamacare on day on.

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