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Boehner Says House to Seek Repeal of Health-Care Law

House Speaker John Boehner said the Republican-led chamber will move to repeal President Barack Obama’s health-care overhaul law if the U.S. Supreme Court doesn’t strike it down.

“Unless the Supreme Court throws out the entire Obamacare bill, the House will move to repeal all of it,” Boehner, an Ohio Republican, told reporters in Washington today.

The Supreme Court is expected to rule by the end of this month on the health-care law, passed by a Democratic-led Congress in 2010. The court heard arguments on the case in March.

The U.S. House voted to repeal the health-care law in January 2011 soon after Republicans took control of the chamber. The measure didn’t advance in the majority-Democratic Senate.

Boehner didn’t say when the House would act. He said it would take a “step-by-step” approach to rewrite the health- care law to reduce costs and “ensure that the American people go to the doctor of their choice.” Republicans haven’t offered details on what they would do to replace the law.

House Minority Whip Steny Hoyer said House Democrats think the Supreme Court will rule the health-care overhaul is constitutional.

“It’s our conviction that the Supreme Court is going to uphold our plan,” Hoyer, a Maryland Democrat, told reporters today.

To contact the reporter on this story: Roxana Tiron in Washington at rtiron@bloomberg.net

To contact the editor responsible for this story: Jodi Schneider at jschneider50@bloomberg.net

Enlarge image House Speaker John Boehner

House Speaker John Boehner

House Speaker John Boehner

Andrew Harrer/Bloomberg

House Speaker John Boehner, a Republican from Ohio.

House Speaker John Boehner, a Republican from Ohio. Photographer: Andrew Harrer/Bloomberg

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Key Rates

  • Mortgage
  • Home Equity
  • Savings
  • Auto
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Today’s national average mortgage rates. Rates may include points.
Type Today 1 Mo
30 Year Fixed Jumbo 4.05% 3.92%
30 Year Fixed 3.75% 3.47%
15 Year Fixed 2.89% 2.71%
10 Year Fixed 2.98% 3.00%
30 Year Fixed Refi 3.74% 3.46%
15 Year Fixed Refi 2.89% 2.69%
5/1 ARM 2.66% 2.61%
5/1 ARM Refi 2.64% 2.57%
View rates in your area »

Source: Bankrate.com

Today’s average home equity rates nationwide.
Type Today 1 Mo
$30K HELOC 5.34% 5.24%
$50K HELOC 4.56% 4.53%
$75K HELOC 4.57% 4.53%
$100K HELOC 4.27% 4.21%
$30K Home Equity Loan 5.95% 6.06%
$50K Home Equity Loan 5.97% 6.02%
$75K Home Equity Loan 5.94% 5.99%
$100K Home Equity Loan 5.80% 5.84%
View rates in your area »

Source: Bankrate.com

Today’s average savings rates nationwide.
Type Today 1 Mo
5 Year CD 1.24% 1.21%
2 Year CD 0.70% 0.66%
1 Year CD 0.57% 0.52%
MMA $10K+ 0.47% 0.50%
MMA $50K+ 0.69% 0.70%
MMA Savings Jumbo 0.58% 0.60%
View rates in your area »

Source: Bankrate.com

Today’s average auto loan rates nationwide.
Type Today 1 Mo
60 Months Used Car 2.97% 3.19%
48 Months Used Car 2.92% 3.13%
36 Months Used Car 2.88% 2.96%
72 Months New Car 2.45% 2.96%
60 Months New Car 2.54% 2.67%
48 Months New Car 2.45% 2.58%
60 Months Auto Refi 4.15% 4.36%
36 Months Auto Refi 3.60% 3.76%
View rates in your area »

Source: Bankrate.com

Today’s average credit card rates nationwide.
Type Today 1 Mo
Standard Variable 14.12% 14.12%
Standard Fixed 13.23% 13.23%
Gold Variable 12.70% 12.70%
Gold Fixed 11.99% 11.99%
Platinum Variable 15.53% 15.57%
Platinum Fixed 12.70% 12.70%
View rates in your area »

Source: Bankrate.com