HE PRESIDENT: Hello. Good afternoon, everybody. You know that I am from Chicago, so let me first say that with the place where I live covered with snow I’m finally starting to feel like home. And I am sorry to drag you guys out in this weather, but I wanted to speak briefly to you about the significant progress that we’ve made on two of the major challenges facing the American people: the crushing cost of health care and our dangerous dependence on fossil fuels. On health care, with today’s developments it now appears that the American people will have the vote they deserve on genuine reform that offers security to those who have health insurance and affordable options to those for do not. And so I want to thank Senator Harry Reid and every senator who’s been working around the clock to make this happen. There’s still much work left to be done, but not a lot of time left to do it. But today is a major step forward for the American people. After a nearly century long struggle we are on the cusp of making health care reform a reality in the United States of America. As with any legislation, compromise is part of the process. But I'm pleased that recently added amendments have made this landmark bill even stronger. Between the time the bill passes and the time when the insurance exchange gets up and running there will now be penalties for insurance companies that arbitrarily jack up rates on consumers. And while insurance companies will be prevented from denying coverage on the basis of pre-existing conditions once the exchange is open, in the meantime there will be a high risk pool where people with pre-existing conditions can purchase affordable coverage. And a recent amendment has made these protections even stronger. Insurance companies will now be prohibited from denying coverage to children immediately after this bill passes. There’s also explicit language in this bill that will protect a patient’s choice of doctor. And small businesses will get additional ... Distributed by Tubemogul.
