The Congressional Budget Office estimated the most recent repeal proposal would have resulted result in 16 million fewer Americans having health insurance by 2026, while those who retain coverage pay 20 percent higher premiums.
"It's time to move on", he said.
So the question is, what's next in Washington, D.C?
McCain rushed back to Capitol Hill to vote earlier this week after being diagnosed with brain cancer.
McConnell has previously dismissed such demands from the president, who said in a May 2 tweet that the country needed to "either elect more Republican Senators in 2018 or change the rules now to 51%" or the country would need to undergo "a good "shutdown" in September to fix mess!"
"They were all against this bill and at the last minute put in a pretty significant lobbying effort to kill it, and when the industry you are trying to regulate is wholeheartedly against the regulations or legislation that you've presented, that should be a telling factor", Tankersley said.
Trump made a similar appeal for a 51-vote threshold earlier this month after an Obamacare repeal bill failed in the Senate, tweeting that "the Senate must go to a 51 vote majority instead of current 60 votes".
Chuck Todd, host of NBC's "Meet the Press" told KTAR News 92.3 FM's Arizona's Morning News on Friday that "at the end of the day, McCain chose the institution over doing any favor for his party".
Two Republican women - Senators Susan Collins and Lisa Murkowski - along with John McCain joined Democrats in a dramatic thumbs-down vote that triggered the stunning collapse of Trump's health reforms. If he were to vote yes, Vice President Mike Pence would have cast the tie-breaking vote to advance the bill back to the House.
"From the beginning, I have believed that Obamacare should be repealed and replaced with a solution that increases competition, lowers costs, and improves care for the American people".
Senate Minority Leader Chuck Schumer then said he hoped it marked a moment that would encourage the Senate to work through its regular process. The Senate has been grappling for weeks with healthcare overhaul, running through different versions of legislation before settling on the more modest attempt with the aim of moving to a conference with the House of Representatives.
That would "fundamentally change the way the Senate has worked for a very long time", McConnell said. The President also claimed that 8 Democrats, not 52 Republicans, control the Senate.
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