(CNN) — A bipartisan deal to stabilize the Obamacare marketplace encountered early stumbling blocks Wednesday, with President Donald Trump reversing his earlier support and the Senate’s No. 3 Republican Sen. John Thune announcing to reporters that the bill had “stalled out” in the Senate just 24 hours after it was announced.
“At the moment it looks like everything has stalled out,” Thune said. “So we’ll see where it goes from here, if there’s a will to kind of put it together and see if there’s a path forward.”
In the Senate, many Republican rank-and-file members said they had a lot more work to do before they would be ready to support Alexander-Murray.
“I’m studying it,” said Sen. John Cornyn, a Republican from Texas. “I think we have a lot of discussing to do. It was just introduced.”
Behind the scenes, however, the bill’s sponsors Sens. Lamar Alexander, a Republican from Tennessee, and Patty Murray, a Democrat from Washington, are still working to build consensus for their legislation that would fund what are known as cost-sharing reduction payments for two years in exchange for giving states more flexibility in what insurance plans can be offered in the Obamacare marketplace. The President announced last week that he would no longer make the CSR payments, which help low-income Americans cover their out-of-pocket insurance costs.
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