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Transcripts For KGO ABC World News Tonight With David Muir 20171018 00:30:00

Reporter in the oval office this morning, President Trump declared obamacare is on its last leg. Obamacare is virtually dead. Reporter just five days ago, he cut off 7 billion in subsidies that help lowerincome americans. People who make too much to qualify for medicaid, but still need help paying for their coverage. Americans like nevada retiree marcy shelton. I am not a deadbeat. I pay my bills. Ive worked hard all of my life. This is what i was told, that this was going to be there for me. Reporter 6 million americans benefit from these subsidies, nearly 70 of them live in states that voted for trump. But the president today described the payments as a handout to Insurance Companies. This is money that goes to the Insurance Companies to line their pockets, to raise up their stock prices and theyve had a record run. Reporter but just minutes later, he seemed to back a new bipartisan deal to restore those same payments. The solution will be for about a year or two years and it will ge

Detailed text transcripts for TV channel - KGO - 20171018:00:34:00

reporter: in the oval office this morning, president trump declared obamacare is on its last leg. obamacare is virtually dead. reporter: just five days ago, he cut off $7 billion in subsidies that help lower-income americans. people who make too much to qualify for medicaid, but still need help paying for their coverage. americans like nevada retiree marcy shelton. i am not a deadbeat. i pay my bills. i ve worked hard all of my life. this is what i was told, that this was going to be there for me. reporter: 6 million americans benefit from these subsidies, nearly 70% of them live in states that voted for trump. but the president today described the payments as a handout to insurance companies. this is money that goes to the insurance companies to line their pockets, to raise up their stock prices and they ve had a record run. reporter: but just minutes later, he seemed to back a new bipartisan deal to restore those same payments. the solution will be for about a year or

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