President Trump will strike down parts of Obamacare with new executive order

President Donald Trump signed an executive order Thursday morning at the White House that will increase consumer options for health insurance, but could further destabilize Obamacare marketplaces.
2:12 | 10/12/17

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Transcript for President Trump will strike down parts of Obamacare with new executive order
We've been hearing about the disaster of obamacare for so long. In my case many years most of it outside. In civilian life. And for a long period of time since I've started running. And since I became president of the United States I just keep hearing repeal replace repeal replace well we're starting that process. And we're starting it in a very positive manner. And they can say when you get ran calling aside it has to be process that I can. Where. And a few moments I will sign an executive order. Taking the first steps to providing millions of Americans. With a obamacare relief. It directs the Department of Health and Human Services the treasury. And the Department of Labor to take action to increase competition. Increased choice. And increase access to lower priced high quality health care options. And you'll have so many options. With these actions we are moving toward lower costs and more options. In the health care market. And taking crucial steps toward saving the American people. From the nightmare. Of obamacare. Today is only the beginning. In the coming months we plan to take new measures to provide our people would even more relief. And more freedom. Losses. Promoting healthy and toys and comic if you. Applause broke. Love or.

This transcript has been automatically generated and may not be 100% accurate.

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