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They couldn't succeed in repealing it, so they're basically knee-capping it. By driving people out of it due to cost, they intend to cripple it, and get it to die of its own weight.

And yet, the puzzling part is WHY, given the likely electoral consequences of doing this to the millions of voters using it. It has to be asking for electoral disaster for them to be screwing up people's lives like this. I can't see it being done to curry favor with the insurance companies, which does them no good if they don't have the political power that comes from election wins. I don't think Obama-hate alone can motivate them to potentially wreck their political power. It makes no sense.