Reuters Flanked by Secretary of State Rex Tillerson and Defense Secretary James Mattis, President Donald Trump meets with members of his cabinet Monday at the White House.

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.

Molina Healthcare MOH, +0.16% dropped again, while Centene CNC, -0.36% advanced slightly.

Also, there’s a move to reinstate the payments to insurers via legislation. Sen. Susan Collins, a Maine Republican, said Congress needs to ”step in.”