Obama: "No Serious Evidence" That Obamacare "Is Holding Back Economic Growth"

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PRESIDENT OBAMA: So let’s put this in perspective. The Affordable Care Act has been the law for three-and-a-half years now. It passed both houses of Congress. The Supreme Court ruled it constitutional. It was an issue in last year’s election, and the candidate who called for repeal lost.

Republicans in the House have tried to repeal or sabotage it about 40 times. They’ve failed every time. Meanwhile, the law’s already helped millions of Americans, young people who are able to stay on their parents’ plan up until the age of 26, seniors who are getting additional discounts on their prescription drugs, ordinary families and small businesses that are getting rebates from insurance companies, because now insurance companies have to actually spend money on people’s care instead of on administrative costs and CEO bonuses.

A lot of the, you know, horror stories that were predicted about how this was going to shoot rates way up and there were going to be death panels and all that stuff, none of that stuff’s happened. And in two weeks, the Affordable Care Act is going to help millions of more people. And there’s no serious evidence that the law, which has helped to keep down the rise in health care costs to their lowest level in 50 years, is holding back economic growth.

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