Trump: We are 'doing the Democrats a great service' by repealing and replacing Obamacare

President-elect Donald Trump on Wednesday laid out a timeline for the repeal and replace of the Affordable Care Act (ACA), better known as Obamacare, in his first press conference since he was elected, arguing that Republicans are helping Democrats by replacing it immediately.

Trump said that the law is collapsing on its own, citing increases in premiums in particular states for ACA exchange-based plans.

Trump said that instead of letting the law fail and having Americans beg Trump to repeal the law, which he said would make Democrats look bad, he plans to repeal and replace Obamacare soon after he takes office and Secretary of Health and Human Services nominee is confirmed.

Related: President-elect Trump's first press conference since election win

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President-elect Trump's first press conference since election win
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President-elect Trump's first press conference since election win
U.S. President-elect Donald Trump speaks during a press conference in Trump Tower, Manhattan, New York, U.S., January 11, 2017. REUTERS/Shannon Stapleton
A member of the media waits for U.S. President-elect Donald Trump speaks during a news conference in the lobby of Trump Tower in Manhattan, New York City, U.S., January 11, 2017. REUTERS/Lucas Jackson
US Vice President-elect Mike Pence speaks during a press conference January 11, 2017 in New York. Donald Trump is holding his first news conference in nearly six months Wednesday, amid explosive allegations over his ties to Russia, a little more than a week before his inauguration. / AFP / DON EMMERT (Photo credit should read DON EMMERT/AFP/Getty Images)
U.S. President-elect Donald Trump takes questions from members of the media during a press conference at Trump Tower in New York, U.S., on Wednesday, Jan. 11, 2017. Trump vigorously denounced unsubstantiated reports that the Russian government has gathered potentially damaging information about his finances and conduct. Photographer: John Taggart/Bloomberg via Getty Images
NEW YORK, NY - JANUARY 11: President-elect Donald Trump arrives at a news cenference at Trump Tower on January 11, 2017 in New York City. This is Trump's first official news conference since the November elections. (Photo by Spencer Platt/Getty Images)
US President-elect Donald Trump arrives to give a press conference January 11, 2017 in New York. Donald Trump is holding his first news conference in nearly six months Wednesday, amid explosive allegations over his ties to Russia, a little more than a week before his inauguration. / AFP / DON EMMERT (Photo credit should read DON EMMERT/AFP/Getty Images)
U.S. President-elect Donald Trump, second right, stands with son Donald Trump Jr. right, and daughter Ivanka Trump prior to a press conference at Trump Tower in New York, U.S., on Wednesday, Jan. 11, 2017. Trump vigorously denounced unsubstantiated reports that the Russian government has gathered potentially damaging information about his finances and conduct. Photographer: John Taggart/Bloomberg via Getty Images
Numerous files are displayed (L) as US President-elect Donald Trump gives a press conference January 11, 2017 in New York. Donald Trump is holding his first news conference in nearly six months Wednesday, amid explosive allegations over his ties to Russia, a little more than a week before his inauguration. / AFP / DON EMMERT (Photo credit should read DON EMMERT/AFP/Getty Images)
US President-elect Donald Trump gives a press conference January 11, 2017 in New York. Donald Trump is holding his first news conference in nearly six months Wednesday, amid explosive allegations over his ties to Russia, a little more than a week before his inauguration. / AFP / DON EMMERT (Photo credit should read DON EMMERT/AFP/Getty Images)
US President-elect Donald Trump gives a press conference January 11, 2017 in New York. Donald Trump is holding his first news conference in nearly six months Wednesday, amid explosive allegations over his ties to Russia, a little more than a week before his inauguration. / AFP / Don EMMERT (Photo credit should read DON EMMERT/AFP/Getty Images)
People watch from a balcony as US President-elect Donald Trump gives a press conference January 11, 2017 in New York. Donald Trump is holding his first news conference in nearly six months Wednesday, amid explosive allegations over his ties to Russia, a little more than a week before his inauguration. / AFP / Don EMMERT (Photo credit should read DON EMMERT/AFP/Getty Images)
U.S. President-elect Donald Trump speaks during a news conference in the lobby of Trump Tower in Manhattan, New York City, U.S., January 11, 2017. REUTERS/Lucas Jackson
US President-elect Donald Trump Chief Strategist Steve Bannon is seen during a press conference January 11, 2017 in New York. Donald Trump is holding his first news conference in nearly six months Wednesday, amid explosive allegations over his ties to Russia, a little more than a week before his inauguration. / AFP / DON EMMERT (Photo credit should read DON EMMERT/AFP/Getty Images)
US President-elect Donald Trump along with his children Eric(L) Ivanka and Donald Jr. arrive for a press conference January 11, 2017 at Trump Tower in New York. Trump held his first news conference in nearly six months Wednesday, amid explosive allegations over his ties to Russia, a little more than a week before his inauguration. / AFP / Timothy A. CLARY (Photo credit should read TIMOTHY A. CLARY/AFP/Getty Images)
US President-elect Donald Trump speaks during a press conference January 11, 2017 at Trump Tower in New York. Trump held his first news conference in nearly six months Wednesday, amid explosive allegations over his ties to Russia, a little more than a week before his inauguration. / AFP / Timothy A. CLARY (Photo credit should read TIMOTHY A. CLARY/AFP/Getty Images)
NEW YORK, NY - JANUARY 11: President-elect Donald Trump speaks at a news cenference at Trump Tower on January 11, 2017 in New York City. This is Trump's first official news conference since the November elections. (Photo by Spencer Platt/Getty Images)
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"They own it right now. So the easiest thing would be to let it implode in 2017 and, believe me, we'd get pretty much whatever he wanted. But it would take a long time," Trump said.

"We're going to be submitting, as soon as he is approved, we'll almost simultaneously — shortly thereafter — have a plan. It will be repeal and replace. It will be simultaneously," he added.

Trump told the New York Times on Tuesday that he wants the ACA repealed "within days," but the comments from the press conference appear to set a slightly longer timetable. Price's confirmation hearing will be held January 18.

SEE ALSO: Donald Trump thanks Vladimir Putin, lashes out over salacious Russia dossier report in first press conference

Additionally, a bill currently in the Senate to repeal significant parts of the ACA through the budget reconciliation process has set a January 27 deadline for committees to produce a repeal bill. GOP leaders have also discussed delaying the law even further until a full replacement billcan be created.

Trump also insisted that the burden of Obamacare would remain on Democrats, echoing remarks by GOP leaders that the law is failing. Democrats have said that the law has its problems but needs small changes in order to protect the positive from the ACA — such as the expanded coverage for more than 20 million Americans.

"Obamacare is the Democrats problem," Trump said. "We are going to take the problem off the shelves for them. We're doing them a tremendous service by doing it. We could sit back and let them hang with it. We are doing the Democrats a great service."

The Department of Health and Human Services reported on Tuesday that more than 11.5 million have signed up for ACA-based plans so far in this open-enrollment period, higher than any other enrollment period in the ACA's history.

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