The Senate plan repeals the Affordable Care Act's individual mandate, slashes federal support of Medicaid and eliminates taxes on the wealthy and insurers that now help pay for care for the poor.
Release of the 142-page proposal ended the long wait for one of the most closely guarded bills in years.
On Twitter, Trump said he was "very supportive" of the bill.
Appealing to Congress and the USA people, Mr Obama said the 142-page plan had a "fundamental meanness" at its core and was "not a healthcare bill". Hanel suggests that could eventually leave a large pot of money to provide subsidies for insurance companies to cover really expensive customers.
Republicans have a 52 to 48 majority in the Senate.
In his statement, Obama said the Senate bill is "not a health care bill". "But Republicans believe we have a responsibility to act, and we are", Mr McConnell said. It would erase taxes on higher earners and the medical industry that helped Obama's law expand coverage by roughly 20 million Americans.
"It's a massive transfer of wealth from middle-class and poor families to the richest people in America", he wrote. "It's about the character of our country - who we are, and who we aspire to be". What we do know is that, in Louisiana, the bill would kill the expansion of Medicaid that has brought health care to more than 425,000 residents-with 51,000 of those people living right here in New Orleans.
Shifted to second base, Asdrubal Cabrera asks Mets for trade
The Mets did not tell him beforehand of these plans, and did not have him play second base during his two-game rehab assignment. The Mets started Jose Reyes at shortstop against San Francisco on Friday night and Wilmer Flores at third.
Republican Senator Rand Paul (Kentucky) said, "It keeps the preexisting condition, keeps the regulations, and then subsidizes the death spiral".
Heller, who faces re-election in 2018 in the Democratic-leaning state, said on Friday: "I can not support a piece of legislation that takes away insurance from tens of millions of Americans and hundreds of thousands of Nevadans".
Sen. Susan Collins of ME reiterated her opposition to language blocking federal money for Planned Parenthood, which many Republicans oppose because it provides abortions. It contains some key differences from the version the House passed last month. It is, to borrow President Trump's behind the scenes assessment of the House's bill, mean.
"But there are going to be lots of opportunities for Mitch McConnell next week, when this bill's on the floor, to make deals, to make amendments and to try to give senators things that they want to get their votes", says Zwillich.
-Congressional Budget Office analysts review the bill and its effect, both on Americans and the nation's finances.
The Senate legislation drew support from the U.S. Chamber of Commerce, which said it would "stabilize crumbling insurance markets" and curb premium increases.
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