Sen. Schatz Celebrates GOP Healthcare Bill Quash

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On Tuesday, Senate Majority Leader Mitch McConnell confirmed that Republicans were calling off a vote on their new healthcare plan, days before the deadline.

Following last Friday's announcement from Senator John McCain that he would not lend his support to the Graham-Cassidy bill, the latest Republican effort appeared dead in the water and it is unclear if McConnell would go ahead with the futile vote.

Senate Republicans announced major revisions to the Graham-Cassidy health care reform bill in a final bid to win over the three or four holdouts.

Sen. John McCain (R-AZ) derailed an Obamacare repeal last week when he announced that he will oppose the bill.

Sen. Susan Collins, R-Me., however, called the bill "deeply flawed" because of cuts in Medicaid funding and problems she saw in protecting people with prior-existing conditions.

"The most frequent frustration we heard from our colleagues ranging from Senator McCain to Senator Murkowski was that time and process were the biggest obstacles to their support".

President Donald Trump called Obamacare a "disaster" and urged GOP leaders to repeal and replace it, saying he will sign any such bill that lands on his desk.

"With a process that gets more attention and time, we will repeal Obamacare", Graham said Tuesday. "Gov. Pence has shown us that with flexibility governors with the right attitude can improve quality".

Trump proposal slashes taxes on businesses, the rich amid deficit worries
Trump made the announcement after a White House meeting with Democrats and Republicans on the House Ways and Means Committee. This loophole would slash the tax rate on the profits from these businesses by more than a third .

"At some point there will be a repeal and replace but we'll see whether or not that point is now or whether it will be shortly thereafter", Trump said.

Leaving a lunch of Republican senators who'd gathered to discuss their next steps on the issue, Sen.

The Senate has now made a decision to move on to tax reform and experts have pointed out that the likelihood of another Republican-only attempt to repeal Obamacare looks rare until 2018, an election year.

"We haven't given up on changing the American health-care system ..." The new version of the reform, the so-called Graham-Cassidy, would not be abolished entirely Obamacare, but it would have removed whole sections of the law, which would have led, according to the Congressional budget Office, at the exit of millions of people in the system to cover sickness.

"It's not if, it's only a matter of when", said Lindsey Graham of SC, another co-sponsor of the latest bill.

Trump has said " We have to get rid of the filibuster rule. Majority Leader Mitch McConnell pulled the plug on the latest version of a bill created to dismantle the controversial health law.

When asked where the health care debate heads next, Collins said she believes it's back to the drawing board. "If we have not produced something on this", he said, Republican voters would punish lawmakers "at the ballot box".

Even as the talk of repeal continued, however, a key Republican committee chairman said late Tuesday that he would seek to resume negotiations with Democrats on a more limited bipartisan package.

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