At a cabinet meeting Monday, President Donald Trump said his announcement that he will end cost-sharing payments to health insurers has effectively ended the landmark legislation of his predecessor:

“ ‘Obamacare is finished, it’s dead, it’s gone. It’s no longer. You shouldn’t even mention it. It’s gone. There is no such thing as Obamacare anymore. It is a concept that couldn’t have worked, in its best days it couldn’t have worked.’ ” — President Trump

Trump’s verdict not withstanding, health insurance will indeed still be offered on state exchanges at the next enrollment period. And while health insurers did see their stock prices decline after Trump’s move on Friday, some of them rebounded Monday.