The White House issued a formal veto threat Thursday night of a bill offered by House Republicans that would allow insurance companies to continue offering health plans that existed before the beginning of the new year.

The legislation, sponsored by Rep. Fred Upton (R-Mich.), is coming up for a vote on Friday.

In a statement from the Office of Management and Budget, the administration argues the law is intended to “sabotage” ObamaCare.

“[The bill] rolls back the progress made by allowing insurers to continue to sell new plans that deploy practices such as not offering coverage for people with pre-existing conditions, charging women more than men, and continuing yearly caps on the amount of care that enrollees receive,” the statement said.