'Skinny' Obamacare repeal bill dies in US Senate

Reuters

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US Senate Republicans failed to overturn the healthcare

law known as Obamacare early on Friday, in a stinging blow to President

Donald Trump that effectively ended the Republican Party's seven-year

quest to repeal the 2010 Affordable Care Act.

Three Republicans crossed party lines to join Democrats in a 49-to-51 vote to kill the bill.

The US Capitol is seen prior to an all night round of health care votes on Capitol Hill, on July 27, 2017. /Reuters Photo

Senate

Republicans released their "skinny bill" that would repeal some of

Obamacare late on Thursday, just hours before they were expected to vote

on the legislation.

Many Republican lawmakers said

they did not want the eight-page bill to become law, and held off

supporting it until they received assurances from House of

Representatives Speaker Paul Ryan that members of both chambers could

set up a special committee that would craft new legislation.

Senate

Republican leaders said the bill was simply a way to keep the

seven-year promise to repeal and replace Obamacare alive, which was also

a top campaign promise from then Republican presidential candidate

Donald Trump.

The Senate failed to pass two major

bills earlier in the week that would have repealed or replaced the

healthcare law after spending months on both pieces of legislation.

The

Affordable Care Act, known informally as Obamacare, brought insurance

to 20 million previously uninsured Americans and was the signature

domestic achievement of former Democratic President Barack Obama.

Republicans said the law is too costly and represents undue government interference in healthcare.

Here's what's in the "skinny" repeal bill, formally called the Health Care Freedom Act:

The 'skinny' on the new bill's mandates

The

new bill repeals an Obamacare penalty on individuals who do not

purchase health insurance. It also repeals a penalty for eight years on

employers with more than 50 employees that do not provide health

insurance.

Medical device tax

The

legislation repeals a 2.3 percent excise tax on medical device sales,

until December 31, 2020. If it were to become law, this repeal would be

welcome news to manufacturers such as Medtronic Inc and Abbott

Laboratories Inc.

Planned Parenthood

The

Senate bill effectively defunds Planned Parenthood for one year by

prohibiting Medicaid, the government health insurance program for the

poor and disabled, from reimbursing the women's healthcare provider.

The majority of Planned Parenthood patients are on Medicaid.

Medicaid

Unlike

previous attempts to craft legislation to repeal or replace Obamacare,

the skinny bill does not end the law's Medicaid expansion or make

changes to the federal health program.