Biotech ETFs Rally as Pence Promises 'Orderly Transition' Away from Obamacare

Republicans tried to assuage public opinion, with House of Representatives Speaker Paul Ryan saying that any action will not “pull the rug out from anybody.”

Pence said Trump will work with congressional leaders for a “legislative and executive action agenda for an orderly and smooth transition to a market-based healthcare reform system.”

Any changes will still take time. Republicans are discussing a delayed timing for major provisional changes to take effect perhaps up to 18 months or more, according to the Associated Press.

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