"I think that would create great anxiety for individuals who rely on the ACA," Sen. Susan Collins, R-Maine, said. "I believe it would cause the insurance markets to go into turmoil, and I don't think that it's the right way to proceed."
"I regret that the effort to repeal and immediately replace the failures of Obamacare will not be successful. That doesn't mean we should give up," Senate Majority Leader Mitch McConnell said.
The loss of support for the current health care bill from two more Republicans, Sens. Jerry Moran and Mike Lee, left the Senate majority leader without enough votes to move the bill forward.
The Republicans' revised bill includes a provision for conservative senators that would allow insurers to offer cheaper, bare-bones insurance plans and, to win over moderates, keep some Obamacare taxes on the wealthy.