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Thursday
Jan062011

Obama ‘Would Veto’ Health Care Repeal

Photo Courtesy - ABC News(WASHINGTON) – In his first veto threat of the new Congress, President Obama has said he will veto the heath care repeal if it comes to his desk.

In a statement of administrative policy, the Office of Budget and Management said House passage of the repeal would “explode the deficit, raise costs for the American people and businesses, deny an estimated 32 million people health insurance, and take us back to the days when insurers could deny, limit or drop coverage for any American.”

The Congressional Budget Office on Thursday released a preliminary analysis that a repeal of the Health Care Reform law, including reduced spending on Medicare, would cost $145 billion through the end of the decade, and $230 billion by 2021.

Speaker of the House John Boehner dismissed the report, saying that Congress needs to hold true to campaign promises to repeal the legislation.

 “We made a commitment to the American people. We're listening to the American people,” Boehner said. “They want this bill repealed. And we are going to repeal it, and we're going to do everything we can over the course of however long it takes to stop this, because it will ruin the best health care system in the world, it will bankrupt our nation and it will ruin our economy.”

The OMB said that if the legislation makes it to the President’s desk, “he would veto it.”

Copyright 2011 ABC News Radio

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    Obama ‘Would Veto’ Health Care Repeal - Politics News - ABC News Radio

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