(Bloomberg) -- Senate Republicans gave up on their last-ditch proposal to repeal Obamacare Tuesday as opposition in their own ranks ended months of fruitless efforts to gut the Affordable Care Act.

"We don’t have the votes," bill co-sponsor Bill Cassidy of Louisiana told reporters in Washington. "We’ve made the decision, since we don’t have the votes, we’ll postpone that vote."

The chamber won’t vote before Saturday’s deadline to use a fast-track procedure to keep Democrats from blocking a GOP-only bill. On Monday, Republican Senator Susan Collins of Maine added her opposition to that of GOP Senators John McCain of Arizona and Rand Paul of Kentucky, enough to sink the legislation in the 52-48 Senate.

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