Posted: 11:02 AM Jun 28, 2012

Today's Supreme Court decision upholding most of President Barack Obama's health care law is already helping to shape the presidential election campaign.

Mitt Romney is vowing to repeal the law on his first day in office if he wins. And the Romney campaign says it collected more than $300,000 in online donations in the hours after the ruling was announced.

Speaking in Washington, Romney said, "If we want to get rid of Obamacare, we're going to have to replace President Obama."

The president, meanwhile, is looking to downplay the political implications. He says today's ruling is about upholding the principle that no one in America should fall into financial ruin because of illness.

Obama says it's a "victory for people all over this country whose lives will be more secure."

Polls suggest most Americans oppose the law, but that an overwhelming majority wanted Congress and the president to find a new remedy if it were to be struck down.

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