U.S. Senate to Act on Obamacare Repeal, McConnell Says

Obamacare came under renewed criticism recently after the government disclosed that benchmark 2017 Healthcare.gov premiums would rise 25% compared with 2016. Several large health insurers have withdrawn from the market, saying they are losing money.

Obama said he expected the law to survive, albeit in a modified form.

“If in fact the Republicans make some modifications,” he said, “and re-label it as Trumpcare, I’m fine with that.”