Romney Vows To Repeal Obamacare "Pipedream"

(Newsroom America) -- Presumptive Republican Party nominee for President, Mitt Romney, has reacted to the Supreme Court upholding the Affordable Care Act by saying it will be one of his first priorities to "halt the government takeover of health care" if elected.

In a much-anticipated ruling, the U.S. Supreme Court on Thursday ruled that much of President Obama's signature healthcare law will stand.

Specifically, the high court upheld the most controversial part of the law - the individual mandate, which will require most Americans to purchase health care insurance beginning in 2014. The court's majority said the mandate is allowable under Congress' authority to tax.

President Obama reacted to the news by saying the Supreme Court has reaffirmed a fundamental principle that in America no illness or accident should lead to any family’s financial ruin.

But Mr Romney said regardless of what the Court said about the constitutionality of the law, Obamacare is "bad medicine, it is bad policy, and when I'm President, the bad news of Obamacare will be over."

He said with Obamacare fully installed, government will reach fully half of the economy which he claimed was a recipe for a struggling economy and declining prosperity.

"It was always a liberal pipedream that a 2,700 page, multi-trillion-dollar Federal Government takeover of our health care system actually could address the very serious problems we face with health care.

"On Day One, I will work to repeal Obamacare to stop the government's takeover of our health care and intrusion in our lives. I will push for real reform to our health care system that focuses on helping patients and protecting taxpayers," he said.

He said he would fight to "halt the government takeover of health care."

President Obama said if you’re one of the 30 million Americans who don’t yet have health insurance, starting in 2014 the law will offer you an array of quality, affordable, private health insurance plans to choose from.

"The highest Court in the land has now spoken. We will continue to implement this law. And we'll work together to improve on it where we can. But what we won’t do -- what the country can’t afford to do -- is refight the political battles of two years ago, or go back to the way things were.

"With today’s announcement, it’s time for us to move forward -- to implement and, where necessary, improve on this law. And now is the time to keep our focus on the most urgent challenge of our time: putting people back to work, paying down our debt, and building an economy where people can have confidence that if they work hard, they can get ahead," he said.