President-elect Donald Trump reversed himself on completelyeliminating the Affordable Care Act, President Barack Obama’ssignature health law, saying instead he would keep two popularfeatures and pledged no gap in coverage as it’s replaced.

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In an interview with Lesley Stahl to air Sunday on "60 Minutes,"Trump said he would like to keep the portions of the law requiringcoverage of pre-existing conditions and children living at homeunder the age of 26, according to excerpts of the interviewreleased by CBS News.

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The ban on insurers denying coverage to individuals who are sick"happens to be one of the strongest assets," of the Affordable CareAct, Trump said. He acknowledged that keeping the provisionallowing children to stay on their parents’ plans for a period oftime "adds cost, but it’s very much something we’re going to tryand keep."

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The president-elect said he plans to repeal the law, commonlyknown as Obamacare, and replace it with new regulations"simultaneously."

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"I know how to do this stuff," he said. "We’re going to repealit and replace it. And we’re not going to have, like, a two-dayperiod and we’re not going to have a two-year period where there’snothing. It will be repealed and replaced. I mean, you’ll know. Andit’ll be great health care for much less money."

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Earlier Friday, Trump was quoted in the Wall Street Journalsaying that Obama suggested areas of the health law to keep duringhis Thursday meeting with the President.

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Shares dip

Shares of health-care companies appeared to have mixedreactions. HCA Holdings Inc., the largest U.S. hospital chain,pared losses to 3.4 percent, from as much as 5.6 percent. CenteneCorp., which sells Medicaid and Obamacare plans, closed near itslows of the day, down 8.6 percent.

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On the campaign trail, Trump called for “repealing and replacingthe disaster known as Obamacare.” His initial health plan,published Thursday on his transition website, also called forscuttling the health law.

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“A Trump Administration will work with Congress to repeal theACA and replace it with a solution that includes Health SavingsAccounts, and returns the historic role in regulating healthinsurance to the States,” according to the website.

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His transition website lays out an approach to the issue ofcoverage for individuals who are sick with so-called "pre-existingconditions" that’s different from the ACA.

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On the site, Trump says he’d use high-risk pools -- stateinsurance programs for individuals who are sick or otherwise unableto get coverage -- to cover those with large medical expenses whohave “not maintained continuous coverage.”

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Both of the features of the ACA that Trump said he favors arealso included in House Speaker Paul Ryan’s health plan. Ryan’s planis widely viewed as a road map to conservative ideas that couldreplace the Affordable Care Act.

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Copyright 2018 Bloomberg. All rightsreserved. This material may not be published, broadcast, rewritten,or redistributed.

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