>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.
https://www.bloomberg.com/apps/news?pid=20601087&sid=a1L0cLABQhP0
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. The Senate parliamentarian told Republicans that a reconciliation bill has to “make changes in law,” said 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…
https://www.bloomberg.com/apps/news?pid=20601087&sid=a1L0cLABQhP0
