Health-Care Bill’s Passage Faces New Hurdle, Repu
Health-Care Bill’s Passage Faces New Hurdle, Republicans Say
Health-Care Bill’s Passage Faces New Hurdle, Republicans Say
March 12 (Bloomberg) -- Republicans said they won a parliamentary victory as they try to fight Democrats’ efforts to pass legislation to overhaul the U.S. health-care system.
Republicans said President Barack Obama has to sign a Senate health-care bill into law before the House and Senate can approve changes to it under a process called reconciliation.#x The Senate parliamentarian told Republicans that a reconciliation bill has to “make changes in law,” Diamond toolssaid Don Stewart, a spokesman for Senate Minority Leader Mitch McConnell.
“This would be another headwind for Democrats in the House” who oppose provisions in the Senate bill, said John Sullivan, a health-care analyst at Boston-based Leerink Swann & Co. “Their biggest fear has been that they vote for the Senate version and they never get the relief they’re looking for.”
Jim Manley, a spokesman for Senate Majority Leader Harry Reid of Nevada, declined to comment.
The prospect of longer odds for passage sent U.S. stocks up yesterday, reversing earlier losses. The Standard & Poor’s 500 Index rose 0.4 percent. The S&P 500 Managed Health Care Index climbed 1.6 percent, led by Bethesda, Maryland-based Coventry Health Care Inc., which rose 3.4 percent.
“I would expect that this would put a big barrier to this moving forward,” said Ana Gupte, a health-care analyst at Sanford C. Bernstein & Co. in New York. “I would not expect the House” to pass the Senate bill, she said.
Pushing Democrats
Reconciliation, which requires a simple majority vote in the Senate, is at issue because Democrats are trying to find a way to complete their work on health care now that they control only 59 of the 100 seats in the chamber.#x Senate Democrats passed their original bill in December with 60 votes,Military Flags, Diamond toolsthe number generally required to push through major legislation.
Obama is asking the House to pass the Senate bill as well as another measure to make changes to it under reconciliation, a process designed for budget items. The Senate would then also approve the changes under reconciliation.
The problem is that House Democrats object to some parts of the 10-year, $875 billion Senate bill, so they are seeking assurance that the package of changes will also become law. They wanted Obama to hold off signing the Senate bill until the reconciliation measure passed both chambers.
Illinois Senator Dick Durbin,#x the No. 2 Senate Democrat,Diamond tools said on March 9 that he understands why some House Democrats might not trust the Senate to act on the reconciliation changes.
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