Ryan ties reform law to nation's debt

Budget Committee Chairman Paul Ryan (R-Wis.), delivering the Republican response to the State of the Union, will say the healthcare reform law “is driving the explosive growth” of the nation’s debt.

Ryan, considered a rising star in the GOP, says the reform law is causing healthcare costs and insurance premiums to rise, and it will force millions to lose the coverage they already have, according to text of his speech sent to reporters before the State of the Union address.

Ryan reiterates GOP plans to replace the reform law with “fiscally responsible, patient-centered reforms that actually reduce costs and expand coverage.”

Citing a recent presidential order to review federal regulations, Ryan said the reform law should be front and center in those efforts.

“The President mentioned the need for regulatory reform to ease the burden on American businesses," Ryan said. "We agree – and we think his health care law would be a great place to start."

In his speech, Ryan takes issue with waivers for reform law requirements that have been granted to more than 200 groups.

“Washington should not be in the business of picking winners and losers,” he said.