House votes to block funds for health overhaul law
WASHINGTON -- The House has voted to block money to implement President Barack Obama's health care law, a victory for Republicans trying to derail the program.
Lawmakers voted to deny the money by a near party-line vote of 239-187.
Republicans say the health care overhaul, enacted last year, was an overstepping of power by Washington and would hurt the economy. Democrats say by preventing government agencies from carrying out the law, Republicans would harm families and help the insurance industry.
The provision was made part of GOP bill cutting federal spending this year.
The House voted earlier this year to completely repeal the health program. But support for the overhaul by Obama and the Democratic-run Senate means House Republicans will almost certainly have to settle for less.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.