Republicans plan assault on U.S. healthcare law

*Republicans eye denying funding for healthcare law

*Full repeal may be impossible before next election

By Donna Smith

WASHINGTON, Nov 7 (BestGrowthStock) – Congressional Republicans
said on Sunday they plan a full-scale assault against President
Barack Obama’s healthcare overhaul next year but acknowledged
it could take until after the 2012 presidential election to
repeal it.

Representative Paul Ryan, expected to become chairman of
the House Budget Committee chairman, said his fellow
Republicans will try to deny funding for implementation of the
healthcare legislation and hold hearings to point out its
shortcomings when the new Congress convenes in January.

But full repeal of the law and replacing it may have to
await the results of next election cycle, when control of
Congress will again be up for grabs as well as Obama’s bid for
a second four-year term.

“This bill is such a fiscal and economic train wreck for
our country and for the health care system itself,” Ryan said
in an interview on “Fox News Sunday.”

“We’re going to do everything we can to try and repeal and
replace this thing. And ultimately, I think 2013 is when it
will be done the right way,” he added.

The healthcare law is a signature achievement for Obama’s
first term in office and he would most certainly veto any
legislation that attempts to repeal it.

Fresh from their mid-term congressional election victory on
Nov. 2 that gave them control of the House of Representatives
and reduced the Democratic majority in the Senate, Republican
leaders said on Sunday that they would do whatever they could
to disrupt implementation of the law.

REPUBLICANS EYE FUNDING

The landmark measure aims to extend health coverage to 33
million uninsured people and make it easier for individuals and
small businesses to buy medical coverage. But critics say it
creates too big a role for government in healthcare while
failing to reduce soaring costs.

“What we’re doing in my office is looking for the various
parts of it that are subject to funding,” Senate Republican
Leader Mitch McConnell told CBS’s “Face the Nation.”

“We will be revisiting this issue time after time. The
American people expect us to,” McConnell said.

The bill enacted in March requires most Americans to obtain
health insurance and provides federal subsidies to help middle-
and low-income families afford it. It also includes penalties
for large companies that do not provide insurance and have
employees obtaining federally subsidized coverage.

Republicans campaigned against the bill as well as
Democrats’ handling of the weak economy. They won a sizable
majority in the House and took six Senate seats from the
Democratic majority. Democrats defended the health legislation
arguing it puts an end to insurance companies discriminating
against pre-existing conditions and charging higher premiums
for women.

Most of the bill’s provisions will not go into effect until
2014, including the coverage mandate and state-run insurance
exchanges that will provide one-stop shopping for coverage.

But some of the more popular provisions, such as allowing
young adults to stay on their parent’s health policies until
they turn 26, are already in effect.

Republicans are considering denying funds to the Internal
Revenue Service that would be needed to enforce the coverage
mandate.

They also are talking about denying money to the Health and
Human Services Department that will play a major role in
establishing coverage requirements and setting up the insurance
exchanges.

Republican Senator James DeMint, a staunch supporter of the
conservative Tea Party movement, said denying funds for
implementation is the first step toward ultimate repeal.

“Most aspects of this new Obamacare are not implemented for
two more years so it’s very realistic to think we can slow the
implementation of it or delay it and then replace it in 2012,”
DeMint told NBC’s “Meet the Press.
(Additional reporting by Eric Beech; Editing Doina Chiacu)

Republicans plan assault on U.S. healthcare law