President Obama running away from Obamacare

President Obama spoke about the growing income divide and deterioration of the middle class in America on Thursday.  He ended his remarks talking about the economic and other effects of Obamacare, officially known as the Affordable Care Act.

"  Of course, for decades, there was one yawning gap in the safety net that did more than anything else to expose working families to the insecurities of today’s economy -- namely, our broken health care system. That’s why we fought for the Affordable Care Act --  because 14,000 Americans lost their health insurance every single day, and even more died each year because they didn’t have health insurance at all. We did it because millions of families who thought they had coverage were driven into bankruptcy by out-of-pocket costs that they didn't realize would be there. Tens of millions of our fellow citizens couldn’t get any coverage at all. And Dr. King once said, "Of all the forms of inequality, injustice in health care is the most shocking and inhumane.”

Well, not anymore. (Applause.) Because in the three years since we passed this law, the share of Americans with insurance is up, the growth of health care costs are down to their slowest rate in 50 years. More people have insurance, and more have new benefits and protections -- 100 million Americans who have gained the right for free preventive care like mammograms and contraception; the more than 7 million Americans who have saved an average of $1,200 on their prescription medicine; every American who won’t go broke when they get sick because their insurance can’t limit their care anymore.

More people without insurance have gained insurance -- more than 3 million young Americans who have been able to stay on their parents’ plan, the more than half a million Americans and counting who are poised to get covered starting on January 1st, some for the very first time.

And it is these numbers -- not the ones in any poll -- that will ultimately determine the fate of this law. (Applause.) It's the measurable outcomes in reduced bankruptcies and reduced hours that have been lost because somebody couldn't make it to work, and healthier kids with better performance in schools, and young entrepreneurs who have the freedom to go out there and try a new idea -- those are the things that will ultimately reduce a major source of inequality and help ensure more Americans get the start that they need to succeed in the future.

I have acknowledged more than once that we didn’t roll out parts of this law as well as we should have. But the law is already working in major ways that benefit millions of Americans right now, even as we’ve begun to slow the rise in health care costs, which is good for family budgets, good for federal and state budgets, and good for the budgets of businesses small and large. So this law is going to work. And for the sake of our economic security, it needs to work. (Applause.)

And as people in states as different as California and Kentucky sign up every single day for health insurance, signing up in droves, they’re proving they want that economic security. If the Senate Republican leader still thinks he is going to be able to repeal this someday, he might want to check with the more than 60,000 people in his home state who are already set to finally have coverage that frees them from the fear of financial ruin, and lets them afford to take their kids to see a doctor."