In his Talking Points Memo on Monday, Bill O'Reilly said Republicans must find common ground soon, or ObamaCare will remain the law of the land for the forseeable future.

He said the failure of the House Republican leadership's ObamaCare replacement bill hurt both the party and President Trump, but that it was not a "catastrophe" for either.

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"What good does it do my party if I oppose the first proposal the House puts forward, knowing the Senate will change it?" he asked.

One revelation that came out of the bill's failure, O'Reilly said, was that the conservative Freedom Caucus "will not compromise on anything."

He pointed to the resignation of Rep. Ted Poe (R-Texas) from the caucus as an example of its rigid philosophy.

"If the Republican Party doesn't unite, ObamaCare stays the way it is," O'Reilly said.

An effective ObamaCare replacement bill must include lower costs and protections from high premiums, access to healthcare for poor Americans and protection from medical catastrophes, O'Reilly said.

He added that the next agenda item, tax code reform, should result in a more united party: "If some Republicans oppose lower taxes, that will be stunning."

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