Washington, Sep 27 (IANS) US Senate majority leader Mitch McConnell on Tuesday cancelled this week's expected vote on his party's latest proposal to repeal and replace the healthcare law known as Obamacare, due to the lack of support in his own party.
A report from Standard & Poor's Global Ratings suggested that the latest proposed health-care bill could hurt the USA economy, states, and health insurers. Bill Cassidy of Louisiana before Saturday's deadline that would allow Democrats to block the bill.
Collins, who represents ME, joined GOP Sens. Susan Collins effectively killed the bill after saying that she could not support it. They contended the bill would have increased the number of uninsured and weakened insurance protections for individuals with pre-existing medical conditions.More news: Oil prices rally after OPEC meeting
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"So yes, we're a little frustrated that the Senate has not acted on a seminal promise, health care", House Speaker Paul Ryan said on Tuesday, adding, "By the way - Obamacare's collapsing". Lindsey Graham of SC and Bill Cassidy of Louisiana, would eliminate the mandate that everyone has to have health insurance. "But it still lies ahead of us, and we haven't given up on that". "The votes we were lacking were actually more about process than substance".
The CBO also found that federal spending on Medicaid would be cut by about $US1 trillion from 2017-26. John Kennedy, R-La. John McCain of Arizona and Rand Paul of Kentucky, enough to sink the legislation in the 52-48 Senate.
Republicans had a September 30 deadline to pass legislation with just 50 votes and the help of a tie-breaking vote from Vice President Mike Pence, thanks to a legislative technique known as budget reconciliation. Cruz aides said he was seeking changes that would let him vote yes.
Collins' was regarded as a critical vote for the chances of passage, so much so that Trump, Vice President Mike Pence and Health Secretary Tom Price all reached out to her over the last couple of days.
Abandoning health care is a major disappointment for a party that has campaigned on the issue for three election cycles and made it its top legislative priority after gaining control of the White House in January.