McConnell says Senate won't take up 'Obamacare'

The proposed American Health Care Act - to replace the Affordable Care Act (Obamacare) - was withdrawn because Republican House leaders saw it would have been defeated in a vote.

The 180-degree turn was the latest twist in the long-running fight over health care policy. HCA Holdings Inc (HCA.N), Universal Health Services Inc (UHS.N) and Envision Healthcare Corp EVHC.O were all down around 2 percent.

Because that didn't happen with this health care bill, Poe said, ObamaCare is now "the law of the land", which is a disaster.

But some observers and investors were skeptical.

Should voters hold Republican office-holders responsible for not following through on a GOP campaign promise to repeal Obamacare?

"I think we are going to have some very good relationships - right, Chuck?"

"We're going to get this right, and in the meantime we're going to do all of our other work that we came here to do", he told reporters Tuesday. The law expanded medical coverage, aiding hospitals by reducing the number of uninsured patients who could not pay bills.

Senate Majority Leader Mitch McConnell says "Obamacare" will stay in place after House Republicans failed to pass an alternative last week.

But in the days since the bill was pulled, he and Speaker Paul Ryan have spoken "a few times" on how to move forward, said White House Press Secretary Sean Spicer. Trump has suggested the G.O.P. should hasten the law's demise by allowing Obamacare to "explode" so that Democrats come crawling back to the table. Hospitals have been helped by the expansion of Medicaid, which extended insurance to millions of people and helped hospital revenue. President Trump was woefully unprepared and uninformed on his own healthcare bill.

Though Trump and Ryan have talked several times, Spicer said the White House has not "picked a strategy and we're going to go with this group or that group". Republicans should be listening to the Freedom Caucus who took a principled stand, but instead are attacked.

Mr Trump, for instance, now lacks the savings anticipated from the health care bill to help pay for tax cuts, while expected legislation to invest one trillion dollars in roads and infrastructure and to cut down on illegal immigration will probably need support from Democrats.

Trump has so far refrained from public criticism of the speaker, but - again on Twitter - he specifically urged followers to watch a Fox New segment on Saturday night, featuring commentator Jeanine Pirro excoriating Ryan and calling for him to be ousted.

'The Republican House Freedom Caucus was able to snatch defeat from the jaws of victory.

Trump had met repeatedly with the group, making some concessions in hopes of bringing them on board. "I don't think it will work out all that well".

Republican Study Committee Chairman Mark Walker of North Carolina noted the GOP wants to be "urgent" in finishing their work.

  • Zachary Reyes