You are here: Home » International » News » Others
Business Standard

Republicans divided after second health care Bill sags

Various versions of Republican healthcare legislation would lead to millions losing health insurance

Richard Cowan & Yasmeen Abutaleb | Reuters  |  Washington 

US President Donald Trump announces his decision that the United States will withdraw from the Paris Climate Agreement, in the Rose Garden of the White House in Washington
US President Donald Trump | Photo: Reuters

in the were in chaos over health care after a second attempt to pass a Bill in the collapsed late on Monday, with President calling for an outright repeal of and seeking a change in direction toward bipartisanship.

“Regretfully, it is now apparent that the effort to repeal and immediately replace the failure of will not be successful,” Majority Leader Mitch said in a statement.

Two of McConnell’s announced just hours earlier that they would not support the Republican leader’s latest version of to repeal portions of President Barack Obama’s landmark 2010 health care law and replace them with new, less costly health care provisions.

With Republican Senators Mike Lee and Jerry Moran joining Senators Susan Collins and Rand Paul in opposition — and amid a solid wall of opposition from no longer had enough votes to pass a Republican in the 100-member

It was the latest in a series of health care setbacks for Republicans, despite their control of both chambers of and the

It also came after seven straight years of promising voters that they would repeal if they were to control and the White House, only to find that the public liked more than their proposed substitutes, according to public opinion polls.

The non-partisan Congressional Budget Office has determined that the various versions of Republican health care would result in anywhere from 18 million to 23 million people losing their

However, argue that is a government over-reach and costs too much money.

Monday’s developments had an immediate impact on financial markets as Asian shares stepped back from more than two-year highs on Tuesday and the dollar extended losses.

In the United States, the latest setback delivered a major political blow to Trump, who has failed to win any major legislative initiative in the first six months of his presidency.

In response, Trump said on Twitter, should immediately repeal and “start from a clean slate” on a new health care plan. He said would join such an effort, even though they have refused to have any part of an repeal.

McConnell, apparently backing Trump’s latest approach, announced that he would try to bring to repeal to the floor in coming days, but with a two-year delay in implementation to assure a smooth transition.

That idea was rejected by months ago in favour of simultaneously repealing and replacing in order to avoid chaos in insurance markets.

RECOMMENDED FOR YOU