Grassley takes 'wait and see' approach to Trump conflicts, health care - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
January 13, 2017 Newswires
Share
Share
Post
Email

Grassley takes ‘wait and see’ approach to Trump conflicts, health care

Hawk Eye, The (Burlington, IA)

Jan. 13--U.S. Sen. Charles Grassley responded to points of President-elect Donald Trump's press conference with caution, treading carefully over how the businessman will separate himself from his global enterprises.

"It's a little bit different for the president and vice president because there are laws that apply to Chuck Grassley and Cabinet people that don't apply to them," Grassley told reporters on a conference call Thursday morning.

"And the fact that his resources are in real estate, that if you had to sell them right now it'd be like a fire sale, and you know what that would do to him and his family ..."

The Iowa Republican said he would "continue to have questions" but "without any inference that there's anything wrong" in Trump's handling of his many business holdings both at home and abroad.

Trump allotted a significant amount of time during his Wednesday morning press conference to discuss how he plans to separate himself from the Trump Organization as president, telling the audience he will turn over control of the company to his two adult sons, Donald Jr. and Eric Trump.

"They are going to be running it in a very professional manner," the president-elect said. "They are not going to discuss it with me. Again, I don't have to do this. They're not going to discuss it with me."

For Grassley, a "key factor" in Trump's severing ties with the business will be to monitor Fred Fielding, the "so-called ethics officer" appointed by the president-elect for final authority on all business decisions.

"It ought to be transparent, otherwise, what's the point of having it?" Grassley asked. "The ethics officer is going to show the American people he hasn't had any involvement in any of the businesses so there can't be any conflicts of interest. From that standpoint, you know, I'll just have to wait and see."

The six-term senator expressed confusion about the hubbub in D.C. over Trump's hotels, one of which is the Old Post Office Building only blocks from the White House, questioning why some people would perceive foreign leaders staying there as a potential conflict of interest.

"I don't quite understand the question that if somebody comes to Washington, D.C., and they stay at the hotel, that that's got anything to do with conflict of interest for the president, who's so far removed," Grassley said. "But that always pops up here in this town. Maybe I'll get an explanation of why that's something to worry about. But it seems pretty far-fetched to me."

Grassley also fielded questions Thursday about Republicans' plan to repeal the Affordable Care Act, President Barack Obama's signature health care law, which took a blow earlier in the day with Senate passage of a budget resolution to set the wheels of repeal in motion.

Despite GOP efforts to disassemble the law -- which has insured 20 million Americans since it took full effect in 2014 -- it has not put forth any bill replacing the ACA.

"I think I should say, if it was ideal, you'd have the replacement in the bill of repeal. But here's where we are politically," Grassley said. "We said the first thing we were going to do for several elections -- not just the last one -- we said one of the first things we're going to do if we ever get a chance to do it is repeal Obamacare. Well, if it's going to take a year to get a replacement or even six months to get a replacement, then quite frankly, you aren't delivering on your promise."

Even with uncertainty swirling around the insurance industry about the potential shakeup, Grassley maintained the "overall goal is to make sure people have a smooth transition" from the six-year-old system to the Republicans' model.

U.S. Sen. Joni Ernst, R-Iowa, also expressed support for the Senate vote in a statement Thursday.

"Throughout my 99 county tour across Iowa, I hear countless stories from Iowans facing premium increases, as well as skyrocketing out of pocket costs like deductibles and copays that they simply cannot afford," Ernst said. "Folks have been demanding relief from ObamaCare, and made it clear when they sent me to Washington in 2014, and they reiterated that call in 2016. It's time to act."

The Republican-controlled Senate voted in favor of the measure 51-48, moving it to the House of Representatives.

When asked during his press conference if the Republican plan would guarantee coverage for Americans covered under the ACA, Trump called Obamacare "a complete and total disaster."

"You're going to be very, very proud, as not only the media and reporters -- can be very proud of what we put forth having to do with health care," he said.

Trump gave no specifics on what the plan would entail, only promising health care that is "far less expensive and far better."

The president-elect said a replacement plan would be submitted when Rep. Tom Price, R-Ga., was confirmed as his Health and Human Services secretary.

___

(c)2017 The Hawk Eye (Burlington, Iowa)

Visit The Hawk Eye (Burlington, Iowa) at www.thehawkeye.com

Distributed by Tribune Content Agency, LLC.

Older

Sen. Collins: Medicare Will Now Provide Coverage for Certain Continuous Glucose Monitors

Newer

Modification to a Previous Presolicitation Notice – National Flood Insurance Program – Flood Modeling Software

Advisor News

  • Your client’s $3 million portfolio doesn’t tell you their insurance needs
  • How life insurance can provide liquidity for wealthy families
  • Retirement providers turn to digital engagement to retain assets
  • Looking out for clients with diminished mental capacity
  • House panel advances CLEAR Forms Act backed by IRI
More Advisor News

Annuity News

  • What lower interest rates mean to annuity payouts
  • AM Best downgrades A-Cap insurers amid financial and regulatory troubles
  • Lawsuit claims Delaware Life hid billions in insurer-linked investments
  • AM Best to Deliver Presentation at 2026 ACLI Annual Conference
  • Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity News

Health/Employee Benefits News

  • 'Not worth the expense': Health-care workers dropping health insurance as even they can't afford it
  • Americans navigate 'wild West' of health insurance options after dropping Obamacare plans
  • Top Workplaces 2026: Benefit winners buck health insurance trends
  • Cayuga County holds off, for now, on retiree health insurance change
  • Conn. can halt Diamantis' pension, but can't revoke his health insurance
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Life insurance protects dependent loved ones
  • AM Best Affirms Credit Ratings of Horace Mann Educators Corporation and Its Subsidiaries
  • Abacus Global Management Completes Landmark $400 Million Securitization
  • New Rules: This bill could help cannabis companies finally get insurance coverage
  • Time to revisit your clients’ life insurance coverage
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.