Transcripts For CNBC Power Lunch 20170719 : vimarsana.com

CNBC Power Lunch July 19, 2017

Capital. Happening right now, President Trump giving senators both a prep talk and beattodown, too, r not getting the health care over the finish lime. Eamon javers is at the white house. Eamon. Reporter thats right. I can tell you that we know some of what he has said to these republican senators. Hes gathering them here to talk about ways forward on the Obamacare Repeal and replace effort which was all but dead earlier this week. Today the president says he wants to continue to push forward. He says ultimately that we have no choice. We have to repeal and replace obamacare. The best option is repeal and replace even though the president suggested early that maybe the best option was to repeal obamacare and wait to replace it until sometime in the indefinite future. Today, the president saying that obamacare was a big lie. It was a lie directly from the president. That was from president obama. He also says that he thinks the senators should stay in town until they have the opportunity to pass this he said the democrats are not going to help them theyre obstructionists, they have no ideas and they want singlepayer health care which is going to bankrupt the country. Real tension was expected in this room because you have republican senators who did not want to walk the plank politically and vote for this Obamacare Repeal and replace and a president who wants to pass the bill, send it to him so he can sign it. The president expressing some frustration that the republican senators voted to repeal and replace for seven years but now a president who will sign the bill, they are not willing to do that frustration on both sides here, michelle. I was surprised, eamon, and well see on the tape playback, when asked yesterday and i wonder if it comes up today if hes angry at some of the republican holdouts. He said he didnt hold it against them clearly, hes they are the reason that they are not on the same page. Reporter he said theyve been talking about this for seven years and now im ready to sign the bill but went out of his way not to antagonize those senators that coming after he did antagonize a bunch of republicans in the house by saying that the bill that they passed and he held a celebration for here at the rose garden in the white house was, quote, mean that didnt sit well with the republicans who took a dangerous political vote to pass that and send it to the president , as he requested. And then for the president to turn around and call it mean the president clearly not trying to do the same thing to Senate Republicans because he needs them he needs these votes its not clear where they will go from here well wait to see what the white house has to say. Well see what our guests say. Joe watkins is joining me, former white house aide to george w. Bush joe, theres supposedly a republican majority in the senate but when you look at, for example, susan collins, a republican in maine, is very different than a republican in texas. We dont have republican majority at this point what do they do . Its going to be hard at the end of the day, all politics are local and they have to consider dltheir own state a how they are treated if they vote for a bill that doesnt support Medicaid Expansion and some of the other things that are supported like in ohio and maine and the like they have a difficult job to agree together on the Health Care Bill that replaces obamacare but at the same time doesnt reduce Medicaid Expansion in the states that have signed on ben, should they go smaller here should they just put this thing aside and when the whole when it seems weve heard now for 16 years that everybody agrees there needs to be Corporate Tax reform, that they focus on something much more targeted and small right now rather than this quagmire of health care . Ive got to say, this is what frustrates republicans on capitol hill so much about this white house. Trump has been on every side of this in the past week. First you absolutely have to repeal and replace then its, no, we can just repeal it and well deal with replace later. Then its let obamacare die and democrats will come to the table. Theres no consistent message on this, it drives them nuts and tax reform, they should go big theres no reason to go small, i dont think, on tax reform. You can criticize trump all you want i dont think its going to move susan collins. He had an actual plan and was invested in the detail. They have no fundamental agreement. And he laughed he laughed when he was asked that and he was right. But i had understand, joe, republicans having fights about how republican you ought to be when dealing with this situation. But what do you do when you have somebody who actually doesnt believe fundamentally in changing and reforming medicaid, which is core. Hold on. President trump was speaking moments ago at the white house about his meeting with the gop senators. Were in this room today to deliver on our promise to the American People to repeal obamacare and to ensure that they have the health care that they need. We have no choice. We have to repeal and replace obamacare. We can repeal it but the best is repeal and replace and lets get going. I intent to keep my promise and i know you will, too since 2013, obamacare premiums have skyrocketed in alaska, they went up over 200 recently. We know that in arizona, theyve been up 118 and those states are good compared to some of the numbers that are coming out. Despite the promise that premiums would decrease by 2,500 on average, theyre actually increased by almost 3,000 and even much more than that in some cases its crushing the middle class and the families of the middle class. Its frankly crushing our country. Obamacare was a big lie. You can keep your doctor, lie. You can keep your plan, lie. It was a lie directly from the president. You can keep your doctor you can keep your plan 28 times he said it. 28 times and it was a lie and he knew it was. And now its hurting this country ir rep pra blee. Premiums are so high that 6. 5 million americans chose to pay a fine to the irs instead of buying insurance, the famous mandate. We will pay not to take the insurance. People dont understand that they dont even understand what it is or what it represents. If obamacare is not repealed in 2018 over 1,300 counties in the United States will have only one insurer. 40 county also have absolutely no coverage in the exchange. And that number will grow rapidly and i think those numbers are extremely conservative i think they are very low. Ive been here just six months im ready to act i have pen in hand believe me im sitting in that office i have pen in hand you never had that before. You know, for seven years you had an easy route. Well repeal, replace and hes never going to sign it but im signing it so its a little different for seven years, youve promised the American People that you would repeal obamacare people are hurting inaction is not an option and, frankly, i dont think we should leave town unless we have a Health Insurance plan and unless we can give our people great health care. Were close. Were very close the other night, i was very surprised when i heard a couple of my friends, my friends, they really were and are they may not be for very much longer. I think i have to get them back. You didnt go out there. Youre going to be youre going to be look, he wants to remain a senator, doesnt he . I think the people of your state are going to appreciate what you hopefully will do. Any senator who votes against starting is telling america that youre fine with obamacare but being fine with obamacare isnt an option for another reason because its gone its failed. Not going to be around we pay hundreds of millions of dollars in subsidy when those payments stop, it stops immediately. It doesnt take two years, three years, one year, it stops immediately. On the other hand, and i have to say this, a yes vote will let the senators debate the future of health care and suggest different ways to improve the bill thats what were going to do at lunch. We are so close, the way i looked at it, we have no democrat help. Theyre obstructionists. Thats all their good at, is obstruction. They have no ideas theyve gone so far left theyre looking for a single payer. Thats what they want. Single payer will bankrupt our country because its more than we take in for just health care. So single payers never going to work but thats what theyd like to do they have no idea what the consequence will be and it will be horrible, horrible health care where you wait in line for weeks to even see a doctor but were going to expand the hsas to increase health care coverage, getting washington out of the way and giving more control and funding back to the states, stabilizing exchanges so that those preexisting conditions are protected and before he knew what the plan said, he didnt say it he was saying, death, everyones going to die death. Thats the only thing they are good at. This is a great plan this isnt just a good plan. This is far better than obamacare and more generous than obamacare. Saving medicaid, which is on an unsustainable path and lets states spend those dollars freely, the states are going to be able to spend the dollars and as a smaller entity, the states will be able to take better care of a person with a bad back, with a bad prognosis, with a problem id like the federal government to focus on the middleeast, to focus on north korea to focus on things where we have very big problems. The states can do a better job than the federal government when it comes to health care. And thats what were letting you do and were committed 45 billion to help combat the Opioid Epidemic and some states in particular like that. So my message today is really simple we have to stay here we shouldnt leave town and we should hammerthis out and get it done. And not just a repeal. Hey, it was sort of early on, along with a few of the other folks at the table the repeal was fun i think the people of this country need more than a repeal. They need a repeal and a replace. And we were very, very close and then Little Things happened but now were very close again we have to get it there. Now, with john cornyn, the other need we had a couple of things that we put down on paper. Im just going to read them really fast. These are some of the things that are done because the democrats are always selling their plan but they dont do that anymore they dont talk Obamacare Anymore because they cant because its failed. They know it so theyre selling their plan and we never sell our plan if weve done anything, its on letting people know how good it was. So we wrote down these few things repeals the individual mandate how big is that . People are paying not to have insurance. Nobody ever talks about that repeals just killing employer mandate. How big is that . Well, substantially lower premiums crosscountry lines, crosscountry state lines where its almost impossible for Insurance Companies to compete in different states, we cant because, unfortunately, the 60 votes. But its going to come very soon were putting it in a popular bill and that will come. That will come and your premiums will be down 60 and 70 . People dont know that nobody hears it. Nobody talks about it. Were going to have to cross state lines and youll have Insurance Companies bidding. Youll have forms of insurance that you dont even know about right now because thats the way it works theres tremendous competition so, your premiums will be substantially lower. Repeals burdensome taxes, big. Well restore choices. The bill also provides for Coverage Options so youre going to have a tremendously expanded coverage and options. Well stabilize Insurance Markets. The markets right now, by the way, are gone. They are a mess. And depending on what happens here, depending on what happens over the next couple of weeks, the Insurance Companies are all fleeing. Well protect preexisting condition coverage you listen to the democrats and they say, oh, youre giving up youre going to have better preexisting than they had in their plan and youre going to be protected well allow the use of pretax dollars to use premiums. Well expand the hsas. Well devote substantial resources to fight opioid and substance abuse. Well provide better coverage for lowincome americans by the way, lowincome americans under our plan and were doing things at this meeting which i think youll be very happy about because were going to spend some more money to make sure everybody is protected well provide better coverage for lowincome americans well improve medical outcomes for lowincome americans and put medicaid on a sustainable path, which its not on right now, levels the Playing Field when it comes to federal dollars, now a principle driver of the 20 trillion debt that we have and will redirect authority from washington, d. C. , to the states, which ive already said where they can innovate and develop the best practices and on a smaller basis theyll be able to take care of People Better so we can repeal but we should repeal and replace and we shouldnt leave town until this is complete, until this bill is on my desk and until we all go over to the oval office. Ill sign it and we can celebrate for the American People thank you very much. Thank you. [ applause ] all right well, we were told that there was more i guess not. A couple of things one observation, he talked about being able to buy across state lines. Thats not officially in any of the current legislation, just part of the bigger plan that paul ryan outlined months ago. Just to clarify that and the president saying dont go on vacation until you actually bring something to my desk and trying to sell the plan once again, another observation weve made, a big focus on the individual Insurance Market, where most of his comments were directed and very little discussion of what prevents anything from happening. Thats the reform of medicaid. Which senators in maine, senators in virginia right senator dean heller. Why do you think they sat him right next to him. Hes one of the holdouts that doesnt like what is happening with medicaid. Ben white, he repeatedly said were so close we cant get any closer. How close are they not close not at all close republicans are pretty much desperate to move on from this mess, from this fiasco that has crossed it him for the last six months the problem the big problem here is where was this trump speech three months ago, six months ago, where was he on the stump saying, this is what is in the bill and good for your health care and it was nowhere. I think thats a fair point, joe watkins. Has the president underplayed his happened he was strong, forceful and in full salesmanship mode there thats right. We wouldnt have found ourselves not we. The congress may not have found itself in the position it is in right now if he had been a more forceful salesman along the lines we just saw four weeks ago, six weeks ago. If he had worked on this sooner and applied the pressure, we might have a bill already being signed into law. But that being said, this was the right speech and at the right time at least america knows where he stands on the issue and likewise hes saying, dont blame me if we dont get this done im doing everything i can to bring folks to the table and to get this done. It may be late but, guess what, better late than never hes saying the right things its still going to be hard because for those senators facing reelection, like dean heller in nevada, they have hard decisions to make. The white house has to get its hands dirty and make deals with the republican side who may be a holdout and get them on board. If they can get their 50 members on board, they have a bill they have a bill. They need lyndon johnson. A very quick issue with one thing in there we know where the president stands he could stand somewhere else in three hours from now 24 hours ago he was saying replace the sucker and let obamacare die. And now hes saying repeal and replace. He could be different at 2 00, at 4 00. He just wants a victory no matter what it is. He just wants to win something. For the insurers, this is a huge sigh of relief as opposed to just letting it die in a couple of days, theres going to be a subsidy payment due to the insurers. He says were not going to let that happen and destabilization of the Insurance Market happen, at least not at this point joe . This was a good timing speech from that standpoint and a message, of course, to the market as well as to those members of the u. S. Senate tax reform, joe ever the holy grail of the markets. Its there, isnt it when ever hopefully soon. Hopefully next coming soon to a capitol hill near you. All right, guys, thank you. Great to have you. Thanks. And now to Kayla Tausche with breaking news where else, d. C. Kayla . We got headlines from the Supreme Court which has again voted to uphold the president s travel ban on a temporary basis but its taking a little bit of a stricter approach and now is saying that the president will not be able to bar people who have relatives, specifically grandparents, here in this courcour country. Thats something that was sued over and it appears to be a temporary relaxation of that travel ban that the Supreme Court last month did vote to uphold 90 days for travelers. 120 days for refugees from six muslimmajority countries but it does now appear that the Supreme Court is saying that people with relatives and specifically grandparents in this country can still travel here. Back to you. Thanks for that update, kayla. So while dysfunction continues in d. C. , the nasdaq and s p 500 are at alltime s. He tre a limit that the stock market can ignore . Coming up. Rays always been different. Last year, he said he was going to dig a hole to china. At t is working with farmers to improve irrigation techniques. Remote moisture sensors use a Reliable Network to tell them when and where to water. So that farmers like ray can compete in big ways. China. Oh. He got there. Thats the power of and. So, your new prescription does have oh, like what . Ects. Youre gonna have dizziness, nausea, and sweaty eyelids. And in certain cases chronic fl

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