Republicans Introduce 'Repeal of ObamaCare Act

House Majority Leader Eric Cantor has introduced a bill to repeal the Patient Protection and Affordable Care Act, a.k.a. ObamaCare, and health care-related provisions in the Health Care and Education Reconciliation Act of 2010. The GOP proposal argues that Americans would like to keep their current health care coverage if they like it, and that under ObamaCare; Medicare is cut by more than one-half trillion dollars over 10 years and taxes increase by over $800 billion dollars, health care costs do not go down, the legislation creates a new entitlement program, as well as several other concerns.

"The path to patient-centered care and lower costs for all Americans must begin with a full repeal of the law," the bill reads.

The Hill notes that the House is expected to vote on the bill Wednesday, July 11, and the House Rules Committee has set a Monday evening meeting to approve a rule for the bill. The bill is expected to pass in the GOP-controlled House, but die in the Democrat-controlled Senate.

The Supreme Court ruled last week that ObamaCare and it's controversial "individual mandate" is constitutional under the taxing power,