One of the most vocal opponents to his own party's plan, Senator Paul took a stand against the legislation whose architect was the most powerful GOP member of the Senate, Leader Mitch McConnell. The bill will be derailed if just three of the 52 Republican senators vote against it. "There will be a tremendous amount of pressure put on him as there were on Republicans in the House and a lot of people wound up having to vote for a awful bill".
"We are going to continue the discussions within our conference on the differences that we have that we'll continue to try to litigate", McConnell told reporters.
Republican leadership can only afford two "no" votes from their party in the Senate, assuming all Democrats vote against the health care legislation. Sen.
At the White House, McConnell warned that Republicans may find themselves needing Democrats if they can't reach a fix. "We think we're going to get legislation that's better than the status quo".
Further, Collins, Paul and Johnson, along with Senator Dean Heller, have all said they will oppose a procedural motion to allow McConnell to move forward and bring the bill up for a vote.
Less affluent Americans now on government-managed Medicaid insurance, many of whom supported the president, will see a 26% reduction in their programmes funding over the next decade, resulting in fewer covered and skimpier benefits. Senator Susan Collins of ME, in an interview with ABC, noted that securing her vote will not be a simple matter.
Deutsche abandons forecast for weaker euro, calls end to dollar rally
European stocks gave up some of their gains from the previous session, dragged lower by weakness in consumer-related stocks. The dollar index, which measures the greenback against a basket of six major rivals, was last up 0.2 percent at 97.440.
The CBO analysis suggested some ammunition GOP leaders could use, saying the Senate bill would cut federal deficits by $202 billion more over the coming decade than the version the House approved in May. However, not every GOP Senator is on board with the proposed healthcare bill.
The PAC said on Friday it was planning to spend $1 million in its campaign to pressure Heller into voting for the bill.
The budget office said the measure would leave 22 million more Americans without insurance by 2026.
The Senate's bill would replace the Affordable Care Act, a law that former President Barack Obama supported. "We Will Work Harder".
The president contemplated the possibility that the GOP-controlled Senate, divided between hardliners pushing for a complete repeal of the Affordable Care Act and moderates concerned that their older or poorer constituents would lose coverage, might fail to pass a health care bill. "Each of them want different things, and we have to figure out if there is a path". "But they've got to get rid of tax cuts to the rich, get rid of cutting Medicaid, and we can talk". The CBO score also indicates that premiums will drop in the exchange marketplace, but there will likely be higher out-of-pocket costs and less generous coverage packages.
The bill also maintains for two years the Obamacare tax credits that help lower-income Americans purchase coverage, but eventually transitions that program into one which provides fewer subsidies.