00:00:00
The President
Good afternoon.
00:00:02
Earlier today, the Supreme Court
upheld the constitutionality of
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the Affordable Care Act -- the
name of the health care reform
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we passed two years ago.
00:00:11
In doing so, they've reaffirmed
a fundamental principle that
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here in America -- in the
wealthiest nation on Earth - no
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illness or accident should lead
to any family's financial ruin.
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I know there will be a lot of
discussion today about the
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politics of all this,
about who won and who lost.
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That's how these things tend to
be viewed here in Washington.
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But that discussion
completely misses the point.
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Whatever the politics, today's
decision was a victory for
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people all over this country
whose lives will be more secure
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because of this law and the
Supreme Court's decision to
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And because this law has a
direct impact on so many
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Americans, I want to take this
opportunity to talk about
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exactly what it means for you.
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First, if you're one of the more
than 250 million Americans who
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already have health insurance,
you will keep your health
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insurance -- this law will
only make it more secure and
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more affordable.
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Insurance companies can no
longer impose lifetime limits
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on the amount of
care you receive.
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They can no longer discriminate
against children with
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preexisting conditions.
00:01:20
They can no longer drop your
coverage if you get sick.
00:01:24
They can no longer jack up
your premiums without reason.
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They are required to provide
free preventive care like
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check-ups and mammograms -- a
provision that's already helped
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54 million Americans
with private insurance.
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And by this August, nearly 13
million of you will receive a
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rebate from your insurance
company because it spent
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too much on things like
administrative costs and CEO
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bonuses, and not enough
on your health care.
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Because of the
Affordable Care Act,
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young adults under the age of
26 are able to stay on their
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parent's health care plans -- a
provision that's already helped
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6 million young Americans.
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And because of the
Affordable Care Act,
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seniors receive a discount on
their prescription drugs -- a
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discount that's already saved
more than 5 million seniors on
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Medicare about $600 each.
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All of this is happening because
of the Affordable Care Act.
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These provisions provide
common-sense protections for
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middle class families, and they
enjoy broad popular support.
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And thanks to today's decision,
all of these benefits and
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protections will continue
for Americans who already
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have health insurance.
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