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J. Scott Applewhite / AP

The Senate has voted down a bill to repeal the Affordable Care Act without replacing it — the leading alternative to the Senate repeal-and-replace bill, a version of which got shot down last night. Seven Republicans voted with the Democrats to defeat the bill, which was supported by Sen. Rand Paul and leading conservative groups. President Trump has also suggested straight repeal as a strategy if the Senate couldn't pass a replacement.

Why it failed: Conservatives were putting heavy pressure on Republican moderates to support it, since most of them voted for a similar bill Congress passed in 2015 (then-President Obama vetoed it). But some moderates, including Lisa Murkowski and Shelley Moore Capito, have said they couldn't support repeal this time without a replacement. Other "no" votes — like John McCain — were a surprise.

Republicans who voted no: McCain, Murkowski, Capito, Lamar Alexander, Susan Collins, Rob Portman, Dean Heller.

What's next: The search continues for a repeal bill the Senate can pass.

Go deeper

Exclusive: Billionaires back new media firm to combat disinformation

Illustration: Aïda Amer/Axios

A new public benefit corporation backed by billionaires Reid Hoffman, George Soros, and others is launching Tuesday to fund new media companies and efforts that tackle disinformation.

Why it matters: Good Information Inc. aims to fund and scale businesses that cut through echo chambers with fact-based information. As part of its mission, it plans to invest in local news companies.

Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

Scoop: Sequoia Capital just blew up the VC fund model

Illustration: Aïda Amer/Axios

Sequoia Capital, one of the world's oldest and most successful venture capital firms, is forming a single fund to hold all of its U.S. and European investments, including stakes in publicly-traded companies, Axios has learned.

Why it matters: Venture capital is the money of innovation, but the industry itself rarely innovates. This is a radical exception.

Exclusive: Company says it will put Trump back online

Photo Illustration: Rafael Henrique/SOPA Images/LightRocket via Getty Images.

RightForge, an internet infrastructure company that courts conservatives, will host former President Trump's new social media platform, CEO Martín Avila told Axios on Monday.

Why it matters: By relying on a web hosting service that won't cut ties over controversial comments, Trump's new platform could avoid the problems conservative network Parler faced when Amazon pulled its web services following the Capitol insurrection.