iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,425 Blog Posts

After a Hard Fought Battle and Loss, Paul Ryan Declares: ‘We Are Moving On’

A visibly disappointed Paul Ryan took questions today, after failing to get a consensus for his healthcare bill — which received acrimonious opposition in the GOP’s ‘Freedom Caucus.’

Ryan said Obamacare architects might be happy now, but they won’t be after seeing how it devolves into failure.

“We were doing architects of Obama a favor. By passing this law before it gets even worse. I guess that favor is not gonna be given to them and it’s gonna get worse.”

Over a third of the counties in America have just 1 plan left. For now, Obamacare is ‘the law of the land for the foreseeable future.’

Moving on, Ryan said they want to tackle easier aspects of the agenda, such as securing the border, rebuilding the military, infrastructure and tax reform.

I suppose this can be construed as bullish for healthcare stocks and also infrastructure and tax reform plays. With healthcare in the rearview mirror, President Trump can aggressively pursue other issues more central to his agenda, such as border control, tax reform, trade and infrastructure.

If you enjoy the content at iBankCoin, please follow us on Twitter

51 comments

  1. reversion

    26m people celebrate. Republicans pissed they can’t kick more people off coverage!

    • 6
    • 2
    • 2 Deem this to be "Fake News"
    • stocksnblondes

      You realize that Obamacare is nothing more than a scam to shift the burden on healthy people to pay for sick people? The problem is, with healthy people paying significantly more for even worse plans with insane deductibles means they wont be healthy for long. Many of them are now forced to play roulette with their health and only go to the doctor if they judge their condition as serious enough. Of course, they really arent in any position to judge that. In the end, the numbers of healthy people will only get smaller until Obamacare collapses and then everyone suffers, including the 26M celebrating today.

      • 4
      • 1
      • 1 Deem this to be "Fake News"
      • reversion

        This is retArded Alabama congressman thinking

        • 2
        • 0
        • 0 Deem this to be "Fake News"
      • reversion

        Hey bud do you have car insurance or house insurance??? Same “scam” as obamacare, good drivers balance bad drivers, except with health your not in control. Is it the kid with cancers fault?

        • 3
        • 0
        • 0 Deem this to be "Fake News"
        • dopefeller

          ^THIS. Illiterate fucks do not get this piece. Public or private, any type of insurance works on the premise of balancing.
          People hate balancing healthcare for the sick, yet never complain about auto and homeowners insurance. You cannot walk out of a car dealership without auto insurance. Nobody complains about that.

          • 1
          • 0
          • 0 Deem this to be "Fake News"
          • billiejones

            Fuckin A you guys are dumb. Car insurance and home insurance don’t balace the good with the bad at the same rate like obamacare. If you own a Maserati in Compton…….guess what? THE PREMIUM IS MUCH HIGHER than that exact same Maserati in Beverly Hills. Can you guys guess why? It’s becuase a Maserati in Compton is much riskier. More car theft/vandalism risk, hugher risk that it runs into an underinsured/uninsured motorist etc. The people of Compton naturally understand and know this……..thats why they put up bars on the windows of their homes. The difference in premiums represent the difference in risk.

            In healthcare, that 400lb dude that eats only cheetos and drinks a 12 pack everynight to wash it down…….yea, under obamacare, he pays the exact same premium as a fit 25 year old that works out 6 times a week, eats only lean protein, fruits and vegetables and never parties.

            Seriously, you two are retard level dumb.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
        • BenCBrainard

          Why are there so many car and home insurance companies that want to sell me policies if it’s the same scam?

          • 0
          • 0
          • 0 Deem this to be "Fake News"
    • ryanasshill

      Head shill in charge ryan has been fund raising for weeks with health insurance industry prior to this coming to a vote;he is totally in their pocket and would never ever let something like the mathews amendment pass which would reduce premiums and deductibles!

      • 3
      • 0
      • 0 Deem this to be "Fake News"
  2. trashman

    this is much much better. let it implode on it’s own and get blamed on dems. then step in to fix it

    • 5
    • 3
    • 1 Deem this to be "Fake News"
  3. riotact

    Republicant president. Republican majority in Congress. 7 years to figure it out.
    And you can’t pass anything?
    L
    M
    F
    A
    O

    • 6
    • 2
    • 0 Deem this to be "Fake News"
    • Dr. Fly

      You do realize that Obamacare is failing, right? You know this hurts dems way more than gop right?

      • 5
      • 4
      • 2 Deem this to be "Fake News"
      • reversion

        Slashing care to reduce premiums only help those without health needs

        • 3
        • 2
        • 1 Deem this to be "Fake News"
      • reversion

        It’s people’s fucking lives man, don’t be a fucking douche.

        • 4
        • 2
        • 1 Deem this to be "Fake News"
        • BenCBrainard

          If we came up with a treatment that cured cancer in a patient but cost 100 mil. , should we pay for it?

          • 0
          • 0
          • 0 Deem this to be "Fake News"
      • reversion

        Not everyone can afford cash only concierge service

        • 4
        • 2
        • 1 Deem this to be "Fake News"
      • riotact

        Cmon Fly. The solution wasn’t tax breaks for the 1%. GOP is a joke.
        Fix it then. Put a plan through that fixes the issues then. THEY HAVE THE MAJORITY.

        • 2
        • 2
        • 0 Deem this to be "Fake News"
        • Dr. Fly

          They won’t fix it. Democrats messed up by making a shitty plan. There is no way the GOP shills will fix the DNC mess and you know it.

          If the shoe was on the other foot, the dems would watch the GOP burn too.

          Re healthcare: the only way it works is if DRUG PRICES ARE REGULATED. Capitalism in that regard is retarded.

          • 5
          • 1
          • 0 Deem this to be "Fake News"
        • peaches

          Single payer. Trump said it. Years ago. Before he worked for Russia.

          Obamacare is a dead festering cat my boy Barack got in the door as quickly as possible. Barack Obama made healthcare a right for Americans. In the middle of an economic recovery… big corporations were never going to concede to a single payer scheme where the only client is Uncle Sam… refusing to line the pockets of the rich by paying 500,000% for drugs. (XANAX is marked up 500,000% simply because it is addicting and fun)

          Obamacare sucks now… it always “sucked”.

          But the door is open. Trump can get rid of Obamacare and set-up single payer, call it Trumpcare… and he wins… and we all win.

          But 150 years from now… Barack Hussein Obama, the first black president… will be the nigga who gave us all healthcare.

          Long game bitches. Obama plays the long game. Healthcare… the middle east, the working class, the faggots, whether healthcare is cheap or not, his own people getting shot by police and his black ass staying silent about it.

          Dude gave us healthcare. Period.

          Now Trump can be the nigga who takes it away or the one who makes it perfect. Or he can run his mouth as per.

          • 1
          • 0
          • 0 Deem this to be "Fake News"
        • peaches

          Obamacare is like me pulling out a handkerchief I sneezed into a thousand times to stop your menstrual bleeding.

          GOP is trying to make you forget you were ever bleeding. Focusing on how gross the handkerchief is instead of finding a better piece of cloth.

          GOP wants small govt. No taxes. These are billionaires who want America to leave them alone so they can own the water sources, put diseases in them and sell it to you for 5.99 an ounce, then sell you the cure. No billionaire loves his country.

          Billionaires own their own empires and they are tired of having to use their “hard earned” dividends to pay for a “welfare state”

          also known as “civilization”

          The rest of you clowns are just brainwashed. Mostly white. Mostly over 40. Too busy forgetting you’re not a billionaire and Donald Trump and the GOP don’t give a fuck about you.

          • 2
          • 0
          • 0 Deem this to be "Fake News"
    • reversion

      Ironically the people sparred are the morons that voted these fucks into power….. I’m lookIng at you Alabama, Louisiana, Georgia, you’ve been saved from your own unhealthy stupidity for now.

      • 6
      • 2
      • 1 Deem this to be "Fake News"
      • BenCBrainard

        Very broad generalized statement. Not much there for you.

        • 0
        • 1
        • 0 Deem this to be "Fake News"
        • reversion

          Wrong, look at the widely available health stats, the Deep South is clearly the least healthy. I’m not a DR. BUT I can assume this leads to additional health care needs.

          • 1
          • 0
          • 0 Deem this to be "Fake News"
  4. mistermoe

    Premature rejection.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  5. riotact

    It’s official…There are 3 parties now:

    Dems
    Repubs
    Loony Tunes

    • 2
    • 0
    • 0 Deem this to be "Fake News"
    • kdog

      Maybe they are loony tunes. They are definitely haters of both dems, repubs and anything having to do with government. I wonder what will be left after all this is done.

      • 1
      • 0
      • 0 Deem this to be "Fake News"
  6. riotact

    Trump blaming Dems for it not passing?

    L
    M
    F
    A
    O

    • 2
    • 1
    • 1 Deem this to be "Fake News"
  7. riotact

    DEAL MAKER???

    • 3
    • 1
    • 1 Deem this to be "Fake News"
  8. riotact

    I miss the pre-election ibankcoin with all the Trump Russian Trolls chiming in on the comments.
    lol

    • 1
    • 1
    • 1 Deem this to be "Fake News"
    • longview

      Putin did it!

      Have a nice weekend, you’re welcome. 🙂

      • 2
      • 0
      • 0 Deem this to be "Fake News"
  9. lunaticfringe

    “When someone wrongs you, write down their name. When the time is right, and when they least expect it, hit them back 15 times as hard.”
    – Donald J Trump on REVENGE
    If you don’t think he knows what he is doing, look up who the current President is.

    • 2
    • 2
    • 1 Deem this to be "Fake News"
    • riotact

      Yeah man, revenge. Putin Style.

      • 1
      • 0
      • 1 Deem this to be "Fake News"
    • reversion

      This is how I describe a leader!!!!

      • 0
      • 0
      • 1 Deem this to be "Fake News"
    • peaches

      Revenge is for the weak and egotistic.

      • 2
      • 0
      • 0 Deem this to be "Fake News"
    • hattery

      “‘Cause in my criminal mind, nobody violates the Don
      I write your name wit’ a piece of paper, now your family’s gone
      Why perpetrate like you can handle my team?
      So merciless in my attack I take command of your dreams
      Leavin’ motherfuckers drownin’ in they own blood
      Clownin’, takin’ pictures later
      Laugh ’bout them punk bitches that turned snitches
      Regulate my area, the terror I represent
      Makin’ your people disappear, you wonderin’ where they went
      Am I cold, or is it just I sold my soul?
      Addicted to these streets, never find true peace I’m told
      Come take my body, God, don’t let me suffer any longer!
      Smoke a pound of marijuana, so I know it ain’t long
      Where is the end to all my misery, is there a close?
      I suppose that’s why I murder my foes; when thugs cry”
      -Tupac Shakur, When Thugs Cry

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  10. Dr. Fly

    There is nothing funny about a failing healthcare system. I don’t enjoy paying 20k+ per annum for healthcare.

    • 4
    • 0
    • 0 Deem this to be "Fake News"
    • riotact

      It all balances out. You’ll get a tax cut in 18 and you’ll get better breaks on those realized stock loses.
      #winning

      • 2
      • 1
      • 1 Deem this to be "Fake News"
      • lunaticfringe

        No man of character would ignore the plight of his countrymen simply because he can afford what they cannot. You should be ashamed, if your soulless wretched body remembers the notion, for supporting the leaching of wealth from the hard working people of America to a corrupt and rotten system.

        • 4
        • 0
        • 0 Deem this to be "Fake News"
        • Po Pimp

          That is exactly why corporate welfare should be abolished right fucking now.

          • 3
          • 0
          • 0 Deem this to be "Fake News"
        • BenCBrainard

          Who is ignoring? Everyone wants health insurance to be affordable. It is currently unaffordable.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
    • sarcrilege

      Move to Canada then

      • 4
      • 3
      • 0 Deem this to be "Fake News"
      • reversion

        So original!

        • 2
        • 0
        • 0 Deem this to be "Fake News"
      • Po Pimp

        I moved to Thailand and pulled a Mitt Romney where I pay just a little bit above “fuck all” in taxes for the last 15 years. I don’t use your shitty public services, I can get pretty damn good health care for about $1,000 per year and oh yeah… I pay about “fuck all” in taxes”. So yes, my suggestion to anyone would be move your ass out of the US right now.

        • 3
        • 0
        • 0 Deem this to be "Fake News"
  11. longview

    Do I have it right that if it had passed all of the believers that POTUS is playing 9D chess would be wailing about how POTUS was outfoxed by Ryan?

    • 2
    • 0
    • 0 Deem this to be "Fake News"
    • peaches

      If POTUS got run over by a bus, sent to the ICU and ended up in a coma…

      these dudes would still think hes playing 9D chess.

      • 4
      • 0
      • 0 Deem this to be "Fake News"
    • BenCBrainard

      Had it passed? Was there any chance of that?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  12. heaterman

    Solutions need to be found that control costs rather than simply provide health insurance.
    If medical care and drug costs could be moderated or even decreased, the insurance problem would largely take care of itself. Obamacare does virtually nothing to bring down costs.

    Start with mandatory basic physicals for everyone with frequency based on age and risk.
    Incentivize at risk individuals to change life style habits and choices focusing on the big 4; alcohol, tobacco, drugs and weight.
    Penalize those who do not change or modify lifestyle. If you’re 5’6″, weigh 230, drink a case or two a week, your “contribution” will be larger than someone of the same height, weighs 165 and drinks a case or two over the course of a summer.
    The old adage “an ounce of prevention is worth a pound of cure”…still and always will be true.

    Stick with the plan that everyone must have/buy health insurance but eliminate plan levels. Everyone gets the same.

    Open the national market to all players. No protected or exclusive areas. All insurers must play in all markets. All healthcare providers must accept every insurer.

    Streamline the drug approval process and gene based therapy. If someone is dying of a fatal disease, by all means allow them to participate in a trial of an unproven drug or method. They may benefit themselves or indirectly benefit thousands of others by proving or disproving a new treatment. If they die from it, that was their choice and they knew the risk going in. They were going to die in any event.
    None of us are any less terminal than the next guy realistically.

    Give drug manufacturers 1 year to develop proposals to lower the cost of bringing new drugs to market by 50% on their own. If they fail, cap their profit margins.

    Those are a few to start with…

    • 2
    • 0
    • 0 Deem this to be "Fake News"
  13. dopefeller

    “Re healthcare: the only way it works is if DRUG PRICES ARE REGULATED. Capitalism in that regard is retarded”

    What in the fuck? You want capitalism everywhere but drug prices? Bankers can get a free ride but the drug company ceo cannot? Enjoy the free market without exceptions

    • 3
    • 0
    • 0 Deem this to be "Fake News"
    • peaches

      there is no free market. there never has been. everything is regulated. some people want less regulation some people want more. a few people think they want ***no*** regulation, and those people either live in the 18th century, smoke crack, identify as libertarian, or don’t know what margin trading was like pre-1929.

      • 1
      • 0
      • 0 Deem this to be "Fake News"