i ever do the president and his entire administration to really seize all efforts to undermine the hca. people's lives are at stake. the president should dieor hope the health care system explodes he doesn't want premiums to go up by his watch. he should not hopeless that americans blues treatment for addiction on his watch for mrs. raleigh into ways profession for most because it hurts people the president must be leader. is a leadership for the president to hurt people and actively work to undermine the nation's health care system simply because he isg angry in the not get his way with repealing of hca. that is not. it is petulance. double trump is no launder outsider he is president. help the bear camp people are looking to him to help solve their problems. or it will hurt him and pointing the finger of blame lot saba anyone's problems. that strategy is bad for the bearer to people and will backfire politically. m he is in charge. people want them better because of a political anger the or vendetta. i know many colleagues do cared deeply about fixing the health care problem. the but

host: talking about the house vote on the a hca, the aca repeal. harvey is in mexico, maine, democrat. caller: good morning. thank you for letting me come on c-span. the republican party as far as i am concerned, they only take from the poor people and they give it all to the rich. they have been doing this over and over for years and years. it isn't going to stop. the thing is, obamacare, i believe, if they would work on it they could fix it. there is no need of taking something away from the people it was given by the democratic party. it is always about giving the rich a big tax break so that they can line their pockets with more money that was stolen from the poor people of this nation. they ought to hang their heads in shame. the whole thing is, what they ought to do is put term limits on everyone of them in washington, d.c. limithem a four-year term and let them all retire with no retirement, and what they should do is choose some of the people who have served in the united states service. because those are the true servants of this country.

. >> if the republicans do nothing hca will collapse he's not saying he will do that. >> is cbo report said the affair -- affordable care act has stabilized. second, if they really care about people they will help us make it better ones they back off repeal what they are trying to do is to trash and it hurt people for ideological reasons. republicans have backed themselves and the ideological corner and that is the biggest problem there is no way they can get out of it. one other point that i would make is the cost of health care the premiums will go down. but the out-of-pocket expenses will go up. if you look at the report the cost goes down it is a bare bones plan with the deductibles to go up with coverage in is less so people have to take much more money out of their pocket even if they pay are of lower premium. >> and the cbo's or puts the backs of the state taxpayers to say we could reduce the deficit as well if he would switch over the entire cost of the army and navy and the air force said the coast guard to the state taxpayer and that is what this is essentially with medicaid.

undermine the nation's health care system simply because he is angry he did not get his way to repeal the hca that is not presidential but petulant and second this approach will not work politically he is a longer an outsider hesi is president.'t american people are looking to him to solve theirng problems that will hurt him and the party pointing the finger of blame not sign elf - - solvent ones problems it will backfire politically.o he is in charge people want him to make their livesec better and not make them worse because of political anchor or vendetta.isle many of my colleagues on the other side do care deeply in we are ready to do that in a bipartisan way but of course, repeal must be taken off the table and must under stop undermining the citizens. now that than jake is up our republican friends had signaled that i hope they have learned the lessons of trump care one of the reasons it failed so spectacularly because republicans tried to rush it through with the reconciliation process even though it was deeply unpopular with the public showed showing only 17 percent of americans suppo

. -- wholes an old series of for-profit hospitals that are part of the hca. >> you spent some time at a hospital, when was that? could use it that is a position given the structure of hospitals is a position that exists? >> i am no longer doing that because as ashman changes, their interest in history changes. , i was thee archivist for st. luke's for 15 .ears paid initially and then volunteer. new management said we are looking at the future, we do not care about the old stuff. -- newlly the old management wants to reclaim the old history. donated many of our archives. college has a collection from other programs. some of them are so keeping up. denver health which was denver general still has their archives somewhere in the building. is very much dependent on the vision of management. when you get the job will was the most frequent thing you worked on? >> i was working on organizing the collection. of retired nurses and doctors who knew the history. they would show up once a month and i would feed them lunch and they would identify and help organize. they would get together and shar

denver has an old -- whole series of for-profit hospitals that are part of the hca. >> you spent some time at a hospital, when was that? that is a position given the structure of hospitals is a position that exists? >> i am no longer doing that because as ashman changes, their -- as management changes, their interest in history changes. for instance, i was the archivist for st. luke's for 15 years. paid initially and then volunteer. new management said we are looking at the future, we do not care about the old stuff. ironically the old -- new management wants to reclaim the old history. we donated many of our i archives. i know regis college has a collection from other programs. some of them are so keeping up. i know denver health which was denver general still has their archives somewhere in the building. it is very much dependent on the vision of management. >> when you get the job will was the most frequent thing you worked on? >> i was working on organizing the collection. i had a cadre of retired nurses and doctors who knew the history. they would show up once a month and i would

luke's, swedish, sky ridge, that are part of hca, which is a large hospital corporation. time in yoursome background is a hospital historian. when was that, did you see that as a position, given that is the structure of hospitals now, is that a position that still exists? >> i am no longer doing that because as management changes, their interest in history changes. so, for instance, i was the historian archivist for presbyterian st. luke's for about 15 years. paid, initially. then volunteered. then they got management that said we are forward thinking. we are looking at the future. we don't care about this old stuff. ironically, now the new management says we want to reclaim our history again. >> have a kept those archives? >> we donated them to the denver public library. a number of other programs, i know regis college has collections from other programs. some of them are still keeping them. i know the denver health, which used to be denver general still has their archives somewhere in their building. it is very much dependent on the vision of management. >> when you wer

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the vote on the a hca is still scheduled to be debated and held today. one of those days in washington. a lot of moving parts. ,n rockford illinois, ann republican. >> i have some questions on health care. plus, a good book out there deals with all the subjects c-span has been talking about , "the endless question" by dr. david jeremiah. it gets into a lot of the stuff going on. in our area, when obamacare started there were 25 doctors that got together and decided they did not want to take obamacare. there were dentists and doctors. ,hey require payment up front you had to a credit card or debit card. you had to pay up front on whatever the amount was. then you had to receive the reimbursement from obamacare. for most of the doctors and dentists in our area. they hated obamacare for a long time and if they don't have the primary physician you end up in the emergency room anyway. it costs much more money for the plan and what it really is. plan needs to be a better plan than what is in place because there are still a lot of uninsured people and there are

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hca holdings, one of your competitors.y will see how much this has risen over the last 12 months since the repeal went away. you will be on that side, right? alan: i want everyone to have coverage. vonnie: what about the idea there are more emergency visits? which is also good for hospitals. alan: that really as i come about. this if people would not use the emergency room and that is not come about. what i would like to see is coverage and i would like to see everyone covered one way or another. you can do it and a plan that makes sense. medicare is covered. medicaid is coverage. if you expand medicaid you have more coverage which is what was happening. 19 states to not expand medicaid. we would like to see those states be induced to expand medicaid. then i can program together. revenue -- youur got into the behavioral care area. where else do you intend to expand? alan: we are opportunistic. and theust made a buy u.k. that we are happy about an attitude what we have there. also expanding in the u.s. we just open a house

. >> the hca was up 3 on friday. this group was under pressure.is was the group that will be crushed by repeal and replace. instead, it's the one that benefits the most. hcaer ha hca very good company. but they're moving rather amazing. didn't think we'd be here with those stocks flying. >> and although worth mentioning the pharmaceutical and drug stocks largely in the green. >> bristol-myers -- >> and glaxo and bristol-myers all up. >> you have yield protection on glaxo. you have the flight to safety/recession proof. david, do not think there will be a recession. but it's tiresome. but people will say. >> we haven't had one in a very long time. >> geez, you're going there? >> no. jut raising the point. >> the economy is better. >> it is. >> it's better. >> orders are coming through. herman miller had a great quarter this week. >> herman miller, really? >> yeah. that's the chair. small businesses -- >> i love those chairs. "squawk on the street" will be right back. >>> it is that time. time for qustop trading with ji >> by the way, dollar tree up

you could tweak it -- that's the whole >> >> where the hca works of the proposal where it does not work and speaker ryan spill that would be an idea is to ease into something that would affect so many people's lives. i was sorry that republicans did not change just repeal repeal because i thought there were great cop -- great minds of both sides and you could have fixed it.s? but the other thing is i watched last saturday morning the house ways and means we are talking about money but yet this proposal gives $157 million back to the drug companies companies, insurance companies and the richest americans who do not need tax breaks. why did yodo that? why couldn't he take that money to put its in the deficit i am curious how you keep saying that you will help us with then you turn around to give all that money. will that was a slap in the face to people like me.th >> she makes some excellent w points to be caught in the rhetoric we will repeal the acas aca that means laugh stock and barrel in my mind including the taxes. how come ceos can keep this money but meanwhile premiums are going u

hca is seen as the best of the bunch to weather the changes.or the week going into this morning. take a look what's happened here to community health. take a look at that one-week chart of community health, if we have it. it was down for the week coming into the day and it is now positive. it has been a huge move back up. if you were short that stock, you really got hurt this week. back to you. >> clearly optimistic that the bill won't pass. there it is, reversing. >> yep. >> thanks so much. >>> let us dive a little deeper into the hospital sector, the one sector most impacted stockwise. keybank capital markets, jason, i look at my screen and see tenets, hcas of the world up, investors in those names are betting that there's going to be a no vote because isn't a no vote or no vote at all, i guess, ever, the best outcome for the hospital stocks? >> certainly, brian. and i think that's exactly what's happening. i want to correct something on community health and tenet. the reason they've been so volatile is not due to the short interest but high

the democrats take the house that they will not obliterate whatever differences spirit is between the hca or a.j.? if chuck schumer and nancy pocyet their way -- policy the penalties would go from 30% at the 60% and able say me have to have single payer. if you think we are not on the way to single payer if this bill passes you are out of her mind. fin cedar rapids i did any event with a bunch of people fail gave great speeches. whenever saw the crowd reaction the offender and passion that i saw when we brought up the next baker who is making his way here. i said the name senator ted cruz. [applause] it sounded a lot like that. senator ted cruz. [cheers and applause] >> god bless each and every one of you. now let me say we have provided for our friends in and the media definitive proof that the election of conservatives across the federal government has ended global warming. [laughter] of course, that will make the media more ornery because of there was a democrat they would have been in shorts and joined the of hot weather. thanks for being here. thanks for braving the cold enforce the

and the a hca failure was a setback, taxes will still be in place, how does he keep this promise?of the things i would tell him to do is a bit strange. he should draft an organization he doesn't like and they don't like called the club for growth. the reason is this. the club for growth is going to do a good job of whipping the vote, they fund legislators like tom cotten, ted cruz, and on his side. let me tell you why, they are a political baseball bat or mafia group. if you do not vote for anything they helped draft, if donald trump drafted it, if they do not, people they support do not push this along, they were challenged. and people at home should know that. abby: paid maternity leave, promise 6 weeks leave, one of the big causes, that is inadequate and talk about the high cost. >> donald trump needs to get a key democrat woman and key democrat republican woman, these two women head up on both sides, who is going to say no, they don't deserve, they don't deserve to have time off for maternity time. who is going to oppose that? abby: china. of the first promise way back at the

my husband has worked for the same company over 20 years if not for that hca he would not have been able to get the care he needed quality eventually lost to late 2015 i am forever grateful he was afforded the best care possible through they see a. -- i am retired and under 65 relying on the of aca to give me health care insurance someone not have coverage if not for the aca i have not used in yet but i have had it since it first came to the market and i regret governor valley refuse to expand medicare in alabama have neighbors your sears impacted some do not make 2000 per year said they do not qualify. one friend recently had an accident and it cost him $4,000 to go to the doctor and he could not pay the bill i do not know what will happen to him and i can tell you i am pleased we have the aca. >> likewise there is peter who says my wife and i are currently retired to we have three years to qualify for medicare and while we enjoy a good health and future to the doctor so we do not want to risk life savings by going without health insurance soviet role for the high deductible plan becaus

i like hca.hought that the repeal and replace would -- >> you know, speaker ryan was talking about taking another bite at the apple on the repeal and replace. >> that's what we call have a shop. i don't have a shop. >> but "mad money" is a shop. >> restoration hardware is my shop. >> all right. >> david, is your wife a member? >> no. >> 100 bucks. it's very stirk i ccky. >> i'm not a club. let's go to bob pisani. he has more on what's moving. >> happy wednesday. mixed open right now. i want to point out what's going on in europe. important day because has may has triggered the article 50 on brexit. look at europe here. london stocks, slightly to the upside right now. they were negative earlier. germany and france also to the upside. we have our first casualty you can argue from brexit. that's the merger between the deutsche boards and the london stock exchange. it's dead. it was formally blocked today, competition grounds they said. don't kid yourself this was a political decision. london would h

"i plan to vote no on the current hca bill.ten, it leaves it too many of myself or to district uninsured. as it stands, it will cut much needed help for south florida support and elderly population. need a plan that will do more to protect them." how do you reassure members of congress like her? >> remember, you still have to go through a budget committee and rules committee. remember why we are here. now because of obamacare, which in essence did two things, exchanges and expansion of medicaid, now in america, one-third of all america only has one provider. you've got some states like tennessee with humana pulling out, 16 counties with their provider then you have a bill that punishes you even though you cannot get healthcare because you don't have healthcare. our premiums continue to rise. the 23 co-ops created, 18 of them have already collapsed. medicaid is on an unsustainable path. so do we ignore it and let that collapse or do we do something about it? i believe when you look at the cbo report -- and remember, they did not

hca popped 8%, as we were getting news about the bill being pulled. health insurers up, 5%. if you say the president, paul ryan, mike pence can't get obamacare reform through, what about other initiatives in the agenda? what about an infrastructure bill? you saw stocks in that category fall. down and down dramatically. and i've got to tell you, too what is the mood ring are in market, that would be goldman sachs. it was down more than 3%. especially as financial stocks faltered. why? because there's concerns, yeah maybe, maybe this tax reform comes up next, but do they have the capability, the ability to pull that off? it's a big open question. ultimately it looks like it was a nothing day in the markets, but the action midday, it was like being whipped around by a yo-yo. so lots of interesting stuff going on here, of course, we'll continue to follow this, liz. liz: gerri, the last time the s&p hit a high was march 1st, the day after the president had that -- addressed the joint session of congress and then the attacks on jeff sessions, came pouring, in you see the stock cha

you go and look at them -- by the way the hospital changes, hca, these were supposed to be necessarilyinners. i thought it interesting that hca has been such a winner. >> yeah. >> hospital chain. >> well, they were beneficiaries of the aca as you say. >> beneficiaries either way, i mean that's what the stock is saying. i find that hard. >> you know, we have no idea what we're going to get here. >> no, we don't. >> we'll see whether anything even surfaces. >> the hmos when those deals fell apart, why did that go up? >> well, they were all discounting the fact there was nobody who thought they were ever going to be able to get together. >> right. >> then you start again with the idea of consolidation to a certain extent in a new administration, possibility of new combinations. >> you follow this so well. thank you. >> let's get the opening bell here, s&p at the bottom of your screen. at the big board natixis celebrating its first etf listing. over at the nasdaq taaleri, a financial group based in finland doing the honors. mentioned europe in the context of db: al, also got to mention eur

hca holdings up better than 5%. back to you. melissa: lori, thank you very much. david: teddy weisberg in the background agreeing with everything lori said. we don't look at gold enough. it closed at a one-month high today. dollar fell in all of this is because investor concerns about economic growth in light of the health care reform failure and concerns that tax cuts may undergo the same fate. melissa. melissa: stocks trying to battle back from pessimism from capitol hill to wall street with the dow seeing the 8th day in a road as we said not all bad news. investors start a long-awaited search for stocks. kevin kelly, recon capital partners. former banker carol roth. carol, let me start with you. there is a lot on the agenda now. now we have folks on capitol hill looking at all kinds of things from immigration to tax cuts. a lot ahead. how does it make you feel about the market? >> melissa, investors always like to pay more for possibilities than realities. melissa: that's you true. >> we always knew as we were getting data in that would probably have an effect

folks supposed to meet with the president in about an hour's time are leaders are staunchly opposed to hca. groups like freedomworks, americans for prosperity, club for growth and heritage action are some we're expecting to be in attendance here. earlier today at white house press briefing that white house press secretary sean spicer made it clear the president is opening to listening to new ideas that could improve the bill, they're very much in sell mode as he put it here, trying to pitch the plan all across the country. earlier today at the white house democratic congressman elijah cummings sat down and met with the president. quite the couple there. the two talked about prescription drug prices as that is common interest between the two. mr. cummings spoke to reporters just a little while ago. listen. >> he was enthusiastic and, he was clearly aware of the problem and clearly, and he made it clear to us that he wanted to do something about it. reporter: congressman cummings made it also clear that one of the issues the president talked about and is a concern related to prescription dru

. >> reporter: we saw three times the average daily put volume and hca if some health care reform wast see action. we have seen it. what they were doing is buying the june 27.5, 77.5 put spread, to 3,000, that's a trade that itself going to make profits as long as the stock goes below $85 expiration. and the reason for this is that, obviously, there was some chatter starting yesterday that maybe congress would try to take another run at health care reform. this was the sector that saw arguably the most volatility if there was going to be a change there. >> thanks for that, mike. for more "options action," check out the full show tomorrow. >> yes, you do. what thai did they mention before? a & d, when it was a $7,000 stock. he saw crazy activity, trading 14 now. >> all right. up next, the moment you have all been waiting for. a man's trophy? indication, believe it or not, rich ross ahead. so if you are a guy adami fan and don't want to see him cry, vote for him. he is vying for the championship. please vote, there is no tomorrow. have you two minutes left to be back @cnbcfastmoney the

hca holdings a new multi-year hi about 5% away from all-time highs. looking at a one-year chart of some of these names down as much as 40%, to 18%. rock ri ride for some of these stocks as gop set to repeal obamacare. let's send it to the "squawk alley" crew. back to you. >> thank you, dom. good morning. it is 8:00 a.m., 9:00 had had quarters, 11:00 a.m. here on wall street and "squawk alley" is live. ♪ >>> good morning. welcome to "squawk alley." i'm jon fortt with post nine, sara eisen and wilfred frost. worldwide alley we can call it this morning. >> like it. >> squawk exchange. >> lucky wilf another hour with me. meantime top story stocks tumbling here you might have caught early in the premarket action this morning after trump's health care fail. so what's next for the markets as it weighs its next step in washington? joining us now to discuss it, terry haines, evercore's isi political analyst. and joining us ceo of labenthal holdings. welcome back. >> thank you. >> let's start with the narrative in the markets that the first test of the trump ag

hca up 3%. universal health was up almost 3%. daveed he today, up almost 1%. humana, anthem, all down. back to you. melissa: adam, thank you. david: republicans fighting for last minute votes but it wasn't enough in the end. peter barnes standing by with the latest. in the end, peter, we're far from the end. i wonder where it goes now? reporter: that's right, david. some republicans said that yesterday's deadline for a vote was artificial because it was a seven-year anniversary of the implementation of obamacare. that there was still plenty of time to try to work out a deal. that is what the freedom caucus was favoring. and you could get right to the heart of the problem between the freedom caucus and moderates in so-called tuesday group with changes in the legislation as well. "the new york times" had 33 no votes publicly declared when the republican leadership and administration, the president could only lose about 20. it had another 45 as undecided and nine who were concerned about the bill and leaning no. so rather than have this thing go down in he defeat

defeat of the a hca is something that is positive for the hospitals.that if there was shrinking of the program, it would leave them with more uninsured patients that are not able to pay. outside of stocks, we see something of a risk off tone. it is sort of moderated as the day has gone on. a lot have been pulling back on their bets. it is below the 200 day moving average. of ae seeing a little bit decline in yields and crude oil is selling off although the decline is also moderated. although they have not yet agreed to do so. and on the subject of treasuries, we have seen people cutting their short. it seems like last week or two weeks ago we were having a debate over whether the market in treasuries was over or below this redline. we're looking at the white line in particular. the blue line is treasury futures. we have seen people net short treasuries this year. they are a lot less short now than they were just about a month ago. this is something we will continue to watch is the debate goes on if the market is over in treasuries. grantedthe eu additi

because if you listen to the conservative groups who do oppose hca, tea party patriots, people like heritage foundation, they're not going after trump intentionally. i think they are predicting and maybe accurately that come mid-term elections, the electorate is probably more likely to side with trump, the personality, the president than with congressional leaders. so, even though they oppose this legislation, they don't like their arms being twisted in this way. they're not taking that and going after trump himself. >> but is that just because they don't want him to tweet at them or attack them? but you still have, americans for prosperity, tea party group, heritage action as abby mentioned, the conservatives. there are all these conservatives out there saying, vote no. which is, yes, they don't mention him. but which is vote against the president. that's what they're telling them to do. >> emphasizes a lot of republicans are being asked to do something here that they fundamentally, idelogically don't agree with doing. this is still providing health care with government subsidies and messin

stuff medicaid with new able-bodied enrollees over the next two years as we move forward with .he a hca -- ahca >> i you the remaining time to mister johnson. >> i think my colleague and stand in support of this motion. we definitely should be building into that policy a glide path to get people off of medicaid, give them a choice for the healthcare they want. i would be remiss if i did not mention many states that took medicaid expansion did so because people in their states had no other choice. the collapse makes their choices narrower and narrower. i would urge as you instruct the committee, we must be very careful about we do not hurt those that have no choice. we've got to make sure this market has a chance to recover before we take strong action on repealing medicaid expansion. >> the time of the gentleman has expired. i now recognize the ranking member for ten minutes. >> thank you, madam chair. i now yield three minutes to ms. -- to ms. jackson lee of texas. >> thank you so very much, and thank you for your leadership. it strikes me as such an interesting proposition to hear my

hca off 4%.ch the hospital, moody's says this is credit negative until it passes. >> bertha, thank you very much. we're going to take a quick break and when we come back, check please. ( ♪ ) i moved upstate because i was interested in building a career. i came to ibm to manage global clients and big data. but i found so much more. ( ♪ ) it's really a melting pot of activities and people. (applause, cheering) new york state is filled with bright minds like victoria's. to find the companies and talent of tomorrow, search for our page, jobsinnewyorkstate on linkedin. search for our page, what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley >>> check, please. >> federal landlord, yes, there is one, has ruled that trump's washington hotel does not violate lease terms which for bid benefits to electe

community health, lifepoint, and hca holdings are down as much as 5%.f americans with no insurance could raise to 24 million under the gop plan. health care is one of the leading secretaries still this year up 10%. >> "squawk alley" is live. ♪ >>> good tuesday morning, john ford, sarah eisen, as we watch markets in the red, the white house already moving the president's meeting due to the winter weather. we have

the mental health liaison group, wrote, and i quote, the hca would leave without coverage 1.3 million childless non- impregnated adults with serious mental illness who are able, for the first time to gain coverage under medicaid expansion. it would leave uncover the 2.8 million childless nonpregnant adults with substance abuse disorders who gain coverage under expansion for the first time. turn ohio governor quote, thank god week spent a medicaid because that money is helping to rehab people. former arizona governor, no one's idea of a bleeding heart affects are most vulnerable, elderly disabled, childless adults, chronically mentally, and a drug addicted. it will simply devastate their lives and lives around them because they're dealing with an issue that's expensive to take care of the family with no money. i could go on but you get the point. i would, like to order into the record this letter from 415 addiction groups nationwide opposing trump care for the devastating impact that trump care would have on treatment for the opiate epidemic. >> without objection. >> from my vantage po

. >> i think we're trying to bide our time on the hca repeal and replace. there were some notes out today about apple that were incredibly bullish and apple is biding its time. for apple to bide its time to say, listen, we're on hooks here, i do want to point out again that neither ford -- ford isn't a tell, and pvh isn't a tell. so ford is isolated to itself and pvh you can go buy many of these retailers because they're very oversold, but please have something else besides pvh because they're not giving you that kind of read. >> dow's up three. let's get to bob pisani see wla what's moving. hey, bob. >> hi, carl. jim has it right as usual. everybody is biding their time. let's look at the sectors. and they're right, the retailers are leading here. you can thank of course pvh. five below is a big help as well. bank stocks and banks are having a big problem here. they're down about 8% for the month, but once in a while they'll pull back and you'll see some leadership in the middle of the day. that's what i mean by this rotation. tech's the big leadership gro

so if the hca has passed in its current form, it's certain that california will receive less medicaid funding. in fact, the department of health services issued an analysis yesterday that says that beginning in 2020, california will see $6 billion less in revenue after the passage of the affordable care act or the american care act in its current form. that would rise to $24 billion in 2027. and with less medicaid funding, the state has some tools within its tool box it can use to reduce its medicaid budget and the ways that it could do that if they chose to take cut in the medicaid program is reduce public health -- to reduce eligible for services, so not covering everybody who is currently covered today or to reduce the set of services available to medicaid beneficiaries and right now, california offers a generous scope of medicaid services, but there's optional benefits that states can choose to reject to bring back cost to the covered population. so the potential ' impact -- it's not known as you've heard the control discuss earlier, these are still proposals and they're in negoti

so if the hca has passed in its current form, it's certain that california will receive less medicaid funding. in fact, the department of health services issued an analysis yesterday that says that beginning in 2020, california will see $6 billion less in revenue after the passage of the affordable care act or the american care act in its current form. that would rise to $24 billion in 2027. and with less medicaid funding, the state has some tools within its tool box it can use to reduce its medicaid budget and the ways that it could do that if they chose to take cut in the medicaid program is reduce public health -- to reduce eligible for services, so not covering everybody who is currently covered today or to reduce the set of services available to medicaid beneficiaries and right now, california offers a generous scope of medicaid services, but there's optional benefits that states can choose to reject to bring back cost to the covered population. so the potential ' impact -- it's not known as you've heard the control discuss earlier, these are still proposals and they're in negoti

democrats are going to work with the president, they are not going to go with the tax cuts involved in hca in congress. maria: trillion dollars repealing taxes. >> on wealthy individuals. i don't think they will play ball on that one either. dagen: let's point out the benefit of rolling back a 3.8% tax on investment. that certainly gets in the way of helping companies raise money. a lot of the tax increases for businesses than the medical devices industry which lost 29,000 jobs. >> is the investment in, and talking about. maria: is really largely on business. that's what the issue is saying i'm not going to hire them are workers via >> the market has responded. it's really the small-business stock. even though the dow is a very slight spanking so far, it's the vessel towing the vessel telling you small businesses that once really really hampered by this. maria: the russell index, rachel if you can put that up for us. the smaller companies. kevin brady says this is a trillion dollars tax on small business. that's why we wanted to repeal this. do they put themselves that it does vanish? they

we now have by ratings on universal health services by my colleague as well as hca with race price targetshaps they could go do damage to obamacare if not utterly repeal it? >> there is an executive order in place that we have been quite concerned about from the day he signed it, which will allow the mandate not to be enforced, for example. there may be things that congress will do as part of a tax package when he got a reconciliation bill that could defund medicaid -- excuse me, could defund the exchange subsidies, the out-of-pocket subsidies, and even move medicaid to block. at least it is not the loss of whether it is 24 million or 10 million lives over the next three to four years of coverage. we now have some stability in which these companies can execute their strategies and that is important. it is also import for the managed stocks. this company also has exposure to medicaid expansion through its business and conversion of value-based care. that is another trend that might well have been damaged by the bill and wasn't, but could be, backed your point, could be damaged by the action

i've got hca up. universal up. solid gains for the hospital stocks as we speak.t group of stocks, drug makers, mixed bag there, no significant moves up or down. i'm going to call the drug makers at this point mixed. okay, that's health related stocks in the very early going. financials, now, if we slow down the legislative timetable for a growth economy, then we're slowing down financial reform, reform of reform, essentially. not good news for the market. financial stocks at this point are down. the big banks, morgan stanley, goldman, j.p. morgan, way down. morgan stanley and goldman taken together, they're both dow stocks, taken together, they're about a third of the dow's drop about 50 points, they account for that. the now, the regional banks, the worst hit by dodd-frank and they are worse now because if dodd-frank continues, they'll continue to take a hit. so, they're down 3, 2, 3% this morning. how about infrastructure stocks? is the debacle on friday going to hold up infrastructure spending? the answer to and from investors, yes, they are. caterpillar and o

hca allows us to be better stewards to our health care dollars. it allows us to spend within our means. it is the same thing small businesses have to do every day, spend within their means. do we need to take care of the most vulnerable? yes we do. today, tomorrow and in the future by spending within our means. at the answer is being a better steward of taxpayer dollars and not just close our eyes to the fact that the current program is unsustainable. i yield back. >> thank you. madam chairman, to provide the best care to the most vulnerable , we not only need to deny this motion, we need to fully repeal the affordable care act through this bill and future actions, and we need to enhance this bill to give states the flexibility to provide for their own. i yield back. >> the gentleman yields back. the proponent of the motion is recognized for one minute. >> thank you beard let me summarize by saying that cutting medicaid, $880 billion on medicaid spending is irresponsible. you don't just have to listen to me, listen to republican governors across o

so if the hca has passed in its current form, it's certain that california will receive less medicaid funding. in fact, the department of health services issued an analysis yesterday that says that beginning in 2020, california will see $6 billion less in revenue after the passage of the affordable care act or the american care act in its current form. that would rise to $24 billion in 2027. and with less medicaid funding, the state has some tools within its tool box it can use to reduce its medicaid budget and the ways that it could do that if they chose to take cut in the medicaid program is reduce public health -- to reduce eligible for services, so not covering everybody who is currently covered today or to reduce the set of services available to medicaid beneficiaries and right now, california offers a generous scope of medicaid services, but there's optional benefits that states can choose to reject to bring back cost to the covered population. so the potential ' impact -- it's not known as you've heard the control discuss earlier, these are still proposals and they're in negoti

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sectors and assistant sectors and policy people in the white house who could have gone through the hca before it was released and say this is not going to work. we are never going to get this through. it seems they are unprepared to govern at this point and he is paying the price the next 24 hours. >> it's hard to see what could be done in the next 24 hours, joe, that would change the mind of those 27 freedom caucus voters on this bill. >> especially now that they have had their backs pushed against the wall. i tweeted yesterday when anybody in washington, d.c. says i'm going to come and get you, that is just an invitation for you to turn around and political kick them in the teeth any chance you get over the next four years. i know. i've had experience and my buddies that were with me had experience too. you have all of these people, mark halpern that think, oh, they have all of this power and authority. the supreme court taught -- or the court system is teaching donald trump he's not an emperor, even though sometimes he acts like he thinks he is. now it may be congress' turn to teach

so if the hca has passed in its current form, it's certain that california will receive less medicaid funding. in fact, the department of health services issued an analysis yesterday that says that beginning in 2020, california will see $6 billion less in revenue after the passage of the affordable care act or the american care act in its current form. that would rise to $24 billion in 2027. and with less medicaid funding, the state has some tools within its tool box it can use to reduce its medicaid budget and the ways that it could do that if they chose to take cut in the medicaid program is reduce public health -- to reduce eligible for services, so not covering everybody who is currently covered today or to reduce the set of services available to medicaid beneficiaries and right now, california offers a generous scope of medicaid services, but there's optional benefits that states can choose to reject to bring back cost to the covered population. so the potential ' impact -- it's not known as you've heard the control discuss earlier, these are still proposals and they're in negoti