House Speaker Paul Ryan is downplaying the prospects for the bipartisan deal to stabilize Obamacare that a pair of senators unveiled on Tuesday.

The plan, from Sens. Lamar Alexander (R-TN) and Patty Murray (D-WA), would fund Obamacare’s cost-sharing reduction payments to health insurers through 2019 while providing more state flexibility under the law’s 1332 waiver program and allowing more people to buy catastrophic health coverage, two Republican priorities.

Ryan doesn’t sound impressed.

“The speaker does not see anything that changes his view that the Senate should keep its focus on repeal and replace of Obamacare,” a Ryan spokesperson told Axios.

Ryan’s tepid response comes at the same time that President Trump is undercutting the bill. Although Trump had reportedly offered encouragement to Alexander in a private phone call, he derided the deal in public.

I am supportive of Lamar as a person & also of the process, but I can never support bailing out ins co's who have made a fortune w/ O'Care. — Donald J. Trump (@realDonaldTrump) October 18, 2017

Vox reviewed the deal and its outlook in greater detail. The bottom line: Trump and Republicans in Congress face a choice about whether to approve any affirmative steps to stabilize Obamacare.

The president’s actions have already driven up premiums on the law’s marketplaces. Republicans now have a path toward undoing some of that damage — but their hatred for the law may stop them from taking it.