Obama: GOP Health Care Bill Is ‘Massive Transfer of Wealth’

Former President Barack Obama on Thursday slammed Republicans over the Senate’s legislation to repeal Obamacare, saying it will “do you harm.” Obama defended the Affordable Care Act in a statement posted on Facebook and urged Republicans and Democrats to reach a compromise. “The Senate bill, unveiled today, is not a health care bill,” Obama said. “It’s a massive transfer of wealth from middle-class and poor families to the richest people in America. It hands enormous tax cuts to the rich and to the drug and insurance industries, paid for by cutting health care for everybody else.” Republican senators hope to vote on the legislation next week, but at least four have said they would not support it.