Last week, President Donald Trump took unilateral action via an executive order to stop paying insurance companies amounts as designated under the Affordable Care Act, to reimburse insurers for their payments to insureds under the Affordable Care Act. The President claims the payments to the insurance companies are a bailout. After terminating the payments, Trump said that "Obamacare is dead". The President and the Republican-led Congress were unsuccessful in repealing and replacing Obamacare which lack of success precipitated Trump's move last week.
Louisiana Governor John Bel Edwards, who is in somewhat of an uncomfortable position, being the governor of the State in which one of the key promoters of congressional legislation on healthcare repeal, US Senator Bill Cassidy, is the key author, has come out against the passing of the current Obamacare repeal legislation.
Here is Governor Edwards's statement:
Another battle is brewing on Capitol Hill, but this time it is not about taxes or healthcare, but the critical issue of consumer protection. In July, the Consumer Financial Protection Bureau (CFPB) enacted a new rule eliminating mandatory arbitration clauses in certain financial contracts. Henceforth, companies can offer arbitration in contracts, but must notify consumers that class action lawsuits are allowed.