WI: No Obamacare

What if Obama and the Democrats in ths House and the Senate decided that healthcare would be a waste of political capital and therefore decided not to create any healthcare legislation?
 
It's quite unlikely that Obama would win reelection. A Republican President from 2012, though, does likely butterfly...later OTL events. Won't say exactly what because that would make this current politics but you likely get the idea.
 
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