Trump: 'It's been very much misreported that we failed with health care'

President Donald Trump said that the fight over health care is not finished because the overhaul needs to be done to ensure a "great tax reform" bill.

In an interview with Fox Business' Maria Bartiromo, Trump said that tax reform is going to happen "at some point very soon," but that Republicans need to first repeal and replace Obamacare in order to have the budgetary freedom to pass the tax plan they want.

Additionally, Trump said the death of the American Health Care Act — the House GOP bill to overhaul health care — was greatly exaggerated.

Lawmakers, politicians react to Republicans pulling health care bill

Lawmakers, politicians react to Republicans pulling health care bill
See Gallery
Lawmakers, politicians react to Republicans pulling health care bill
Today was a victory for all Americans.
I want to thank @POTUS, @VP, @SecPriceMD, & @HouseGOP members. There remains so much we can do to help improve peop…
Today is a great victory but we have a lot more work to do. We are going to go forward and guarantee health care to…
My statement on the #AHCA
Ultimately the #Trumpcare bill failed because of two traits that have plagued the Trump presidency: incompetence & broken promises.
#TrumpCare was about spite. It was brought up because they loved the optics of a vote on ACA's 7th annv -- not because it was a good idea.
I applaud House conservatives for keeping their word to the American people. I look forward to passing full repeal
.@HouseGOP I hope this means you're finally ready to get serious and work with us to improve the Affordable Care Ac…
I remain wholeheartedly committed to keeping the promise I made to my NC-11 constituents--to fully repealing and re…
This is why we fight. When we get out there & fight, we can make a real difference.
Can't throw @POTUS under the bus. He is the BUS. My fellow republicans are figuring that out.
Hey Republicans, don't worry, that burn is covered under the Affordable Care Act
Art of the Squeal: I blame Democrats for a bill Republicans couldn't pass. I blame Obama. I blame Australian Prime…
.@realDonaldTrump, @SpeakerRyan: we're not tired of winning yet. Ready when you are to talk real solutions to fix A…
Here's my statement on the cancellation of the House vote on the American Health Care Act:

"I think we're doing very well on health care," Trump said. "It's been very much misreported that we failed with health care. We haven't failed, we're negotiating and we continue to negotiate and we will save perhaps $900 billion."

Trump is referring to the Congressional Budget Office report on the AHCA. The CBO estimated that the bill could cut the federal outlays by $880 billion over the next 10 years, and the deficit could shrink by $337 billion. However, after the most recent additions to the AHCA, the CBO updated this to say the deficit could shrink by only $151 billion with outlays decreasing by $1.15 billion and revenue falling by $999 billion.

SEE ALSO: Trump scraps tax reform plan after lessons learned from Obamacare repeal attempt

While the AHCA had some tax cuts directly baked in, the estimates suggest it would have only slightly lowered the federal budget deficit, largely through Medicaid reductions, potentially allowing for even more tax cuts.

You know if you look at the kind of numbers we're talking about that's all going back into the taxes and we have to do health care first to pick up additional money so that we get great tax reform," said Trump. "So we're going to have a phenomenal tax reform, but I have to do health care first.

Trump did admit that the health care process is "very, very difficult" but since Obamacare is "failing" something must be done. While most health care policy experts argue that the Obamacare individual health insurance exchanges are not failing, they say the Trump administration could still undermine the marketplace.

Additionally, Trump would not commit to the deadline for tax reform laid out by Treasury Secretary Mnuchin, who said Trump will sign a tax reform bill by the congressional recess in August.

"I don't want to put deadlines," the president said. "Health care is going to happen at some point. Now, if it doesn't happen fast enough I'll start the taxes. But, the tax reform and the tax cuts are better if i can do health care first."

While there has been little clarity so far on tax reform, the other major part of Trump's economic agenda — a promised $1 trillion in infrastructure investment — remains murky as well. The president said that in order to get a second bill on health care passed, which would require 60 votes to avoid a Democratic filibuster in the Senate, he may include the infrastructure package.

"I see it, perhaps, as part of the health care plan," Trump said. "Because phase two of the health care plan in order to get the votes, I need 60% for that and if I put that in the Democrats are actually gong to love the infrastructure plan."

NOW WATCH: Your neighbor's WiFi is ruining yours — here's how to fix it

See Also:

Read Full Story