How much of the Affordable Care Act could President Rick Perry repeal?

Sahil Kapur has a nice piece (paywall, unfortunately) looking at what a Republican president could do to weaken the Affordable Care Act. The article is behind a paywall, but the short version is that the executive branch could waive many of the law's regulations and mandates, much as the Obama administration is currently considering doing with No Child Left Behind.
But President Rick Perry couldn't unilaterally unwind the core coverage components in the bill: The Medicaid expansion and insurance subsidies are law, and the president could no more choose to ignore that statute then he could choose to stop sending out Social Security checks. That would mean a broken system that's wasting a lot of money. So the question is, what would happen next?
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Source: http://feeds.washingtonpost.com/click.phdo?i=8bec3087d0823659dfdba972dd2772eb
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