In a setback for progressives, Maine Sen. Olympia Snowe said she would vote with fellow Republicans to block the Democratic health care overhaul if changes are not made to the version Majority Leader Harry Reid outlined this week.

On Monday Reid announced a version of health care reform that included a government-run "public option" to compete with private health insurance plans. Under Reid’s plan, states could opt out of the government insurance, but Snowe said Tuesday that's not good enough.

Snowe is currently the only Republican in Congress who has voted for any of the early Democratic versions in either the Senate or House.

Meanwhile, Sen. Joe Lieberman said Tuesday that unless the bill changes substantially, he too would vote with Senate Republicans against a motion to allow a vote on final passage of the bill.

The Democrats will need 60 votes to get the bill past a threatened Republican filibuster, so both votes are likely crucial.

What’s must you know to trade this space?

Health care reform is a story that’s been twisting and turning, says Karen Finerman. And although some insurance stocks such as UnitedHealth

UNH loading...

Quote  |  Chart  |  News  |  Profile

[UNH  Loading...      ()   ] and Aetna

AET loading...

Quote  |  Chart  |  News  |  Profile

[AET  Loading...      ()   ] spiked higher as if health care reform may be dead, I wouldn’t trade it that way. More twists are likely coming.

FAST MONEY // Latest Rapid Recap

Go to Main Page

Current DateTime: 02:30:49 23 Nov 2009
LinksList Documentid: 26256943

• • Halftime Report: Gold, A Balloon That Floats Higher Or Breaks?
  • Your First Move For Monday November 23rd
  • Burned By JPMorgan, Whirlpool & More
  • The Latest Picks That Paid - Friday November 20th
  • Web Extra: Defense, Defense
  • Pops & Drops: Merck, Monsanto...
  • Housing Double Dip?
  • Fast Action – Wild, Volatile Week Ahead?
  • Bove: Expect Goldman To Increase Dividend Meaningfully
  • Bet On Health Care Stalemate?

Current DateTime: 02:30:49 23 Nov 2009
LinksList Documentid: 26256941

• Slo-o-o-w Money Slideshow
• Daily Poll: Tell Us What You Think!
• Word On The Street

______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to .

Trader disclosure: On Oct. 23th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (BX); Najarian Owns (GE) Calls; Najarian Owns (LAZ) & (LAZ) Puts; Najarian Owns (MYL) Call Spread; Najarian Owns (RIMM) Call Spread; Najarian Owns (WFT) Call Spread; Najarian Owns (YHOO) & Short (YHOO) Calls; Najarian Owns (STX) Calls; Najarian Owns (CLF) & Short (CLF) Calls; Finerman Owns (RIG), (TGT), (WMT), (WFC), (PDE); Finerman's Firm Owns (BAC) Preferred; Finerman Owns (BAC) Preferred; Finerman's Firm Owns (WFC), (FLS), (MSFT), (PBR), (PDE), (RIG), (PLCE), (TJX); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO), (UNG); Terranova Owns (HES), (JPM), (IBM); Seymour Owns (AAPL), (BAC), (EEM), (FXI), (SBUX)

For Jamie Baker:
JP Morgan Owns (UAUA)
JP Morgan Has An Investment Banking Relationship With (UAUA)
JP Morgan Has An Investment Banking Relationship With (CAL)
JP Morgan Has An Investment Banking Relationship With (AMR)

For Paul Sankey:
Deutsche Bank Owns (VLO)
(VLO) Is an Investment Banking Client of Deutsche Bank
Deutsche Bank Has Received Compensation From (VLO)
(VLO) Has Been A Client Of Deutsche Bank In Past Year

Deutsche Bank Owns (HES)
(HES) Is an Investment Banking Client of Deutsche Bank
Deutsche Bank Has Received Compensation From (HES)
(HES) Has Been A Client Of Deutsche Bank In Past Year
Deutsche Bank Owns (BP)
(BP) Is an Investment Banking Client of Deutsche Bank
Deutsche Bank Has Received Compensation From (BP)
(BP) Has Been A Client Of Deutsche Bank In Past Year
Deutsche Bank Owns (OXY)
(OXY) Is an Investment Banking Client of Deutsche Bank
Deutsche Bank Has Received Compensation From (OXY)
(OXY) Has Been A Client Of Deutsche Bank In Past Year
(SUN) Is an Investment Banking Client of Deutsche Bank
Deutsche Bank Has Received Compensation From (SUN)
Deutsche Bank Owns (PDE)
(PDE) Is an Investment Banking Client of Deutsche Bank
Deutsche Bank Owns (COP)
(COP) Is an Investment Banking Client of Deutsche Bank
Deutsche Bank Has Received Compensation From (COP)
(COP) Has Been A Client Of Deutsche Bank In Past Year
Deutsche Bank Owns (CVX)
Deutsche Bank Has Received Compensation From (CVX)
(CVX) Is an Investment Banking Client of Deutsche Bank
Deutsche Bank Owns (XOM)
Deutsche Bank Has Received Compensation From (XOM)
(XOM) Is an Investment Banking Client of Deutsche Bank

For Peter Schiff
Schiff Is Long Gold
Schiff is Short U.S Dollar


CNBC.com with wires

Tools:

PrintEmail

Next Post

Previous PostBack to Main Page

• 

COMMENTS

More Comments

 

« First | « Previous

Next » | Last »

Thank you for joining our discussion. Your comment has been posted.

ADD COMMENTS

Please Sign In or Register to participate.

In order to add a comment you must click here and accept our terms and conditions.

Edit Screen Name

Please sign-in/optin or register to be able to submit comments.

Remaining characters

CNBC welcomes your contribution. Please respect our community and the integrity of its participants. CNBC reserves the right to moderate and approve your comment.

PREVIEW COMMENT

Your comments have not been posted yet.
Please review your submission to make sure you are comfortable with your entry.

Your Comments: