A Quote by Barack Obama
The rise in health care costs since Obamacare, the Affordable Care Act was passed, have been at their lowest rate in 50 years. Those savings have extended the Medicare trust fund by 11 years. So we've got a baseline of facts.So it is true theoretically that all that progress can be undone, and suddenly 20 million people or more don't have health insurance.
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What sensible people have got to do is not simply repeal the Affordable Care Act without any alternative, but you've got to sit down and say it's OK, what are the problems. How do we address it? How do we move to universal health care? How do we lower prescription drug costs? How do we make sure that people don't have outrageous deductibles? You just don't throw 20 million people off of health insurance. You don't privatize Medicare.
You look at something like health care, the Affordable Care Act. And for all the controversy, we now have 20 million people who have health insurance who didn't have it. It's actually proven to be more effective, cheaper than even advocates like me expected.
The Affordable Care Act is a huge problem. [Repealing the ACA is] going to have huge implications. We have millennials that live in Boston that are on their parents' health insurance. The businesses have hired them and have been able to hire more people because they have been able to be on their own health insurance. We have seniors in our city who have preexisting conditions, or something called a "donut hole," which is a prescription drug [gap] in Medicare. Whatever changes they make could have detrimental effects on people's health care, but also on the economy.
We have health insurance companies playing a major role in the provision of healthcare, both to the employed whose employers provide health insurance, and to those who are working but on their own are not able to afford it and their employers either don't provide it, or don't provide it at an affordable price. We are still struggling. We've made a lot of progress. Ten million Americans now have insurance who didn't have it before the Affordable Care Act, and that is a great step forward.
Since the Affordable Care Act allows individuals to buy affordable health care coverage on their own, women no longer have to remain in a job just for the health insurance - they can feel free to start their own business or care for a child or elderly parent.
We are unique among advanced countries that we don't have universal health care. My hope was that I was able to get a hundred percent of people health care while I was president. We didn't quite achieve that, but we were able to get 20 million people health care who didn't have it before. And obviously some of the progress we made is now imperiled because there's still a significant debate taking place in the United States. For those 20 million people, their lives have been better.
Health care costs are on the rise because the consumers are not involved in the decision-making process. Most health care costs are covered by third parties. And therefore, the actual user of health care is not the purchaser of health care. And there's no market forces involved with health care.
Say good-bye to the Affordable Care Act. That means 20 million people who lose their health insurance, just like that.
Today, all across this country there are going to be rallies led by Democrats and others to fight against the devastating impact of repeal of the Affordable Care Act. 20 million people thrown off of health insurance, prescription drug prices raising for seniors, privatization of Medicare: devastation. And we've got to fight back against that.
I think that the risk to all the progress we've made was at stake in the election because not just the president-elect but a lot of members of Congress, including now the Speaker of the House and the Senate majority leader, have said that their principal agenda was to undo a lot of this progress. But as I've been talking about over the last several days when it comes to health care, the gains that we've made are there. Twenty million people have health insurance that didn't have it before. The uninsured rate is the lowest it's ever been.
President Obama famously promised that the Affordable Care Act would not only slow the growth in health care costs, but would also reverse these trends, making the average health insurance plan cheaper. That isn't happening.
At the debate, Donald Trump backed off of his health care position for 20 years. For 20 years, he has agreed with Hillary Clinton and Bernie Sanders on socialized medicine, saying Obamacare doesn't go far enough. He wants the government to pay for everyone's health care and to control it.
High-quality health care is not available to millions of Americans who don't have health insurance, or whose substandard plans provide minimum coverage. That's why the Affordable Care Act is so important. It provides quality health insurance to both the uninsured and underinsured.
Right at the heart of the Affordable Care Act is the ban on insurance companies discriminating against people with a pre-existing condition. And this part of the Affordable Care Act makes sure that health care is not just for the healthy and wealthy.
The Affordable Care Act was passed in large part because of recognition that our nation's health care system is not working. The act is not perfect, but it is a starting point, and we have been using it to improve the health of Coloradans.
President Obama, through health care reform, strengthened Medicare. How did he do that? Well, he found savings by cutting subsidies to insurance companies, ensuring we were rooting out waste and fraud, and he used those savings to put it back into Medicare.
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