At the end of a day when incoming and outgoing presidents tussled over the fate of U.S. health care, it was the words of Vice President-elect Mike Pence that seemed to matter most to anxious investors.
Pence, in a visit to Congress, sought to ease concerns that a repeal of Obamacare would be done so abruptly that it leaves millions of Americans without insurance and throws health-care companies into chaos across the country. He told reporters that he was talking with Republican leaders to coordinate “both a legislative and executive action agenda to ensure that an orderly and smooth transition to market-based health care system is achieved.”
Earlier in the day, the mood was more strained. President-elect Donald Trump, calling Obamacare “a disaster” on Twitter Wednesday, urged Republicans not to take the blame for the law as they start a process to change it. Meanwhile, President Barack Obama urged Democrats on Capitol Hill to resist efforts to repeal his signature domestic policy achievement.
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