Romney: Obama's healthcare failures 'rotting' second term

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Mitt RomneyWillard (Mitt) Mitt RomneyDems flip Wisconsin state Senate seat Ex-adviser thinks Romney will run for Senate Jeb Bush backs Romney for Utah Senate run MORE said President Obama’s broken healthcare promise that people who like their insurance could keep it is “rotting away" his second term in office.

If the White House wants to regain trust, Romney said it needs to work with both parties to rebuild the law.

“Whether you like the model of ObamaCare or not, the fact that the president sold it on the basis that is not true has undermine the foundation of his second term. I think it is rotting it away,” Romney said on NBC’s “Meet the Press.”

Romney asserted that healthcare would never have passed in 2010 if Obama had been straightforward with the public. He said Obama is not able to lead with his credibility fading.

“We’ve got to have a president that can lead, and right now, he is not able to do so,” he said.

Hundreds of thousands of people who buy insurance on the individual market have received cancellation notices for existing plans, which could make up half of the 5 percent who buy insurance this way.

Read more from The Hill.