After failing to repeal Obamacare, Senate Republicans continue to work with Senate Minority Leader Chuck Schumer to rescue Obamacare through a bipartisan bailout and stabilization package.
Senate Majority Leader Mitch McConnell (R-KY) announced on Tuesday that they will not vote to repeal Obamacare through the Graham-Cassidy block grant proposal. Now only a few days later, Senate Health, Education, Labor, and Pensions (HELP) Committee chairman Lamar Alexander (R-TN) continues to work with committee ranking member Patty Murray (D-WA) and Chuck Schumer on bipartisan legislation to bail out Obamacare.
Schumer revealed Thursday that the deal was “on the verge” of a bipartisan compromise that would bail out the Obamacare exchanges.
Schumer said on the Senate floor Thursday, “They both inform me that they’re on the verge of an agreement, a bipartisan healthcare agreement to stabilize markets and lower premiums.”
Senate Republican initially nixed talks with Democrats to bail out Obamacare after the Graham-Cassidy Obamacare bill became a viable option to repeal Obamacare; however, Sen. John McCain (R-AZ) once again derailed the Obamacare repeal process by opposing the Graham-Cassidy repeal bill. Now that McCain halted Obamacare repeal, Senate Republicans want to push for a bill that would help preserve Obama’s hallmark legislation rather than fulfill their seven-year promise to repeal the Affordable Care Act.