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Obama on Obamacare: It Has ‘Saved the Treasury Hundreds of Billions of Dollars’

Obama on Obamacare: It Has ‘Saved the Treasury Hundreds of Billions of Dollars’

Despite the recent hikes in healthcare premiums, President Obama has maintained that the Affordable Care Act, known as Obamacare, has been a positive policy for America.

President-elect Donald Trump has vowed to repeal and replace Obamacare. In a recent interview with CBS News’ 60 Minutes, Trump said the healthcare he and his administration will work for will be better coverage and more affordable.

Obamacare is perhaps the most obvious mark of President Obama’s legacy, and he is standing by it.

“Now that Republicans are in charge, they’ve got to take a look and say, let’s see,” Obama said, according to “We got 20 million people who have health insurance who didn’t have it before. Health care costs generally have gone up at a significantly slower rate since ObamaCare was passed than they did before, which has saved the federal Treasury hundreds of billions of dollars.”

Obama also commented on other aspects of an impending Trump presidency.

He said that he and the Democrats were disappointed in the loss of the White House, but he remains committed to moving forward.

“But the people have spoken,” Obama said. “Donald Trump will be the next president, the 45th president of the United States. And it will be up to him to set up a team that he thinks will serve him well and reflects his politics. Those who didn’t vote for him will have to recognize that that’s how democracy works. That’s how this system operates.”

As far as Trump’s recent appointments of Reince Priebus and Steve Bannon to positions within his administration, Obama declined to comment.

“I think it’s fair to say that it would not be appropriate for me to comment on every appointment that the president-elect starts making if I want to be consistent with the notion that we are going to try to facilitate a smooth transition,” he said.


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Publication date: November 15, 2016