Donald Trump warns of slashing Obamacare subsidies

Washington, July 30: US President Donald Trump has warned of slashing subsidies provided to people enabling them to buy health insurance if Republican lawmakers cannot quickly approve a legislation to replace Obamacare.

'If a new HealthCare Bill is not approved quickly, BAILOUTS for Insurance Companies and BAILOUTS for Members of Congress will end very soon!' Trump warned on Twitter on Saturday.

He said, in another



sign of his frustration over the failure of the bill to repeal and replace Obamacare or the Affordable Care Act in the Senate on Friday that 'after seven years of 'talking' Repeal and Replace, the people of our great country are still being forced to live with imploding Obamacare!', Efe news reported

Senators on Friday rejected a bill partially replacing the health care reform implemented in 2010 by former President Barack Obama.