Republican replacement for Obamacare 'appears dead'

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Graham Cassidy was hanging by a thread.

Compounding the problem for the bill, the non-partisan Congressional Budget Office released a preliminary analysis of the new legislation on Monday, and projected that it would leave "millions fewer people" with comprehensive health insurance. But he said Tuesday they plan to get back to the health care overhaul after moving on to tax reform.

The latest iteration of the bill was sponsored by Sens.

It is estimated that under the proposal, federal funding for health care will be over $30 billion less than under the current system in 2020 and over $80 billion less by 2026. Republicans have until September 30 to pass a health care bill with just 51 votes.

Republicans can not lose more than two votes given that the upper chamber's 46 Democrats and two independent members oppose repealing Obamacare.

Rejection became all but inevitable Monday after Collins announced she opposed the legislation.

On Monday, Trump took on McCain, who'd returned to the Senate after a brain cancer diagnosis in July to cast the key vote that wrecked this summer's effort.

Although Paul already vowed to vote "no, ' he softened his position Sunday by saying he would vote 'yes" if colleagues end plans to turn Obamacare subsidies into a block grant program.

Earlier Tuesday, Trump lashed out at GOP lawmakers for deserting the measure, telling reporters, "We are disappointed in certain so-called Republicans". Rand Paul and Arizona Sen. Collins' announcement likely killed what was effectively a last-ditch effort to repeal Obamacare.

The significant difference of this most recent repeal rejection is that it may have been the Republican party's last attempt.

"Where we go from here is tax reform", McConnell said after a meeting with Republican senators, acknowledging that they didn't have enough votes to pass the repeal and replace Obamacare legislation promoted by Sen.

The decision, while widely expected, deals what is nearly certain to be a lethal blow to Senate Majority Leader Mitch McConnell's 11th-hour attempt to find 50 yes votes in his caucus.

"7 years of Repeal & Replace and some Senators are not there", he tweeted, alluding to the party's repeated promises to repeal the Affordable Care Act since its 2010 enactment.