Full Transcript: ABC News Iowa Republican Debate

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The study continued to say that there've been over $8 billion of additional cost. I wish you coulda had the conversation with the people of Massachusetts a long time before that phone call would've been with-- the-- President Obama, 'cause the fact of the matter is, you're for individual mandate. And you can get up and stand-- up and talk about, you know, "I'm against it now. And I'm gonna-- rescind ObamaCare. I'm gonna repeal ObamaCare." But the record is very clear. You and Newt were for individual mandates. And that is the problem. And the question is then, "Who can stand on the stage, look Obama in the eye, and say, 'ObamaCare is an abomination for this country,'?" And I'm gonna do that. And I can take that fight to him and win that fight.

DIANE SAWYER: Governor Romney, (INAUDIBLE). (APPLAUSE)

MITT ROMNEY: A good deal of what you said was right. Some was wrong. Speaker Gingrich said that he was for a federal individual mandate. That's something I've always opposed. What we did in our state was designed by the people in our state for the needs of our state. You believe in the 10th Amendment. I believe in the 10th Amendment. The people of Massachusetts favor our plan three to one. They don't like it, they can get rid of it. (COUGH) That's the great thing about (COUGH) a democracy, where individuals under the 10th Amendment have the power to craft their own solutions.

By the way, the-- the problem with President Obama's plan is it does three things we didn't in my opinion, among others. I understand we disagree on this. But among others, one, it raises taxes by $500 billion. We (NOISE) didn't raise taxes. Two, it cuts Medicare by $500 billion. We didn't do that, either. And three, it doesn't just deal with the people that don't have insurance. It's a 2,000-page bill that takes over health care for all the American people. It is wrong for health care. It's wrong for the American people. It's unconstitutional. And I'm absolutely adamantly opposed to ObamaCare.

And if I'm the President of the United States, I will return to the people and the states the power they have under the constitution and they can craft the solutions they think are best for them. And my view-- you had a mandate in your state. You mandate that girls at 12 years old had to get a vaccination for-- for a sexually-transmitted disease. So it's not like we have this big difference on mandates. We had different things we mandated over. I-- I wanted to give people health insurance. You want to get young girls-- a vaccine. There are differences.

DIANE SAWYER: Governor, if we could ask Speaker Gingrich to respond.

NEWT GINGRICH: Yeah, I-- I just wanna make one point that's historical. (CLEARS THROAT) In 1993, in fighting HillaryCare, virtually every conservative saw the mandate as a less-dangerous future than what Hillary was trying to do. The Heritage Foundation was a major advocate of it. After HillaryCare disappeared it became more and more obvious that mandates have all sorts of problems built into them. People gradually tried to find other techniques. I frankly was floundering, trying to find a way to make sure that people who could afford it were paying their hospital bills while still leaving an out so libertarians to not buy insurance. And that's what we're wrestling with. It's now clear that the mandate, I think, is clearly unconstitutional. But, it started as a conservative effort to stop HillaryCare in the 1990s.

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