Republican bill to repeal Obamacare fails in US senate

IBTimes 2017-07-28

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In a stinging blow to President Donald Trump, US Senate Republicans failed on Friday (28 July) to dismantle Obamacare, falling short on a major campaign promise and perhaps ending a seven-year quest by their party to gut the healthcare law. 

Voting in the early hours, three Republican senators, John McCain, Susan Collins and Lisa Murkowski, crossed party lines to join Democrats in a dramatic 49-to-51 vote to reject a "skinny repeal" bill that would have killed some parts of Obamacare. 

The setback leaves Trump without a major legislative win after more than six months in power, despite Republicans controlling the White House, Senate and House. It will also be a let-down for financial markets, which expected Trump to make rapid changes to healthcare, taxes and infrastructure spending.

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