Affordable Care Act

President Trump is doing his best to put a good face on defeat in his party's attempt to replace the Affordable Care Act, also known as Obamacare.

His strategy is simple: declare that the law is failing. And he is selling that message in his own distinctly Trumpian way: concocting it out of simple, bold words and then hammering that message home, over and over: Obamacare, in his words, will "explode."

Shelley D. Kofler / Texas Public Radio

Democratic Congressman Lloyd Doggett says the battle over the Affordable Care Act isn’t over, even though a Republican plan to repeal it was scrapped last week.

After yesterday's pulled health care vote, many on the left and the right are seeing it as a failure for Republicans — but former House Majority Leader Tom DeLay says it's actually a blessing in disguise.

Updated at 5 p.m. ET

House Republicans scrapped a vote on their health care replacement plan on Friday after defections from both the right and center that made it clear the bill would not pass.

"Obamacare is the law of the land. It is going to remain the law of the land," House Speaker Paul Ryan admitted shortly after he pulled the bill. "We're going to be living with Obamacare for the foreseeable future. I don't know how long it's going to take us to replace this law."

A last-minute attempt by conservative Republicans to dump standards for health benefits in plans sold to individuals would probably lower the average person's upfront insurance costs, such as premiums and deductibles, say analysts on both sides of the debate to repeal and replace the Affordable Care Act.

But it will very likely also induce insurers to offer much skimpier plans, potentially excluding the gravely ill and putting consumers at greater financial risk if they need care.