Summary

Portrait of Barack Obama Barack Obama The Promise of Health Care — Barack Obama's remarks

We're here today to discuss one of the greatest threats not just to the well-being of our families and the prosperity of our businesses, but to the very foundation of our economy -- and that's the exploding costs of health care in America today.
In the last eight years, premiums have grown four times faster than wages. An additional 9 million Americans have joined the ranks of the uninsured.
Source: Wikisource

Portrait of Barack Obama Barack Obama The Promise of Health Care — Barack Obama's remarks

The cost of health care now causes a bankruptcy in America every 30 seconds. By the end of the year, it could cause 1.5 million Americans to lose their homes. Even for folks who are weathering this economic storm, and have health care right now, all it takes is one stroke of bad luck -- an accident or an illness, a divorce, a lost job -- to become one of the nearly 46 million uninsured or the millions who have health care, but really can't afford what they've got.
We didn't get here by accident. The problems we face today are a direct consequence of actions that we failed to take yesterday.
Source: Wikisource

Portrait of Barack Obama Barack Obama The Promise of Health Care — Barack Obama's remarks

And today, there are those who say we should defer health care reform once again -- that at a time of economic crisis, we simply can't afford to fix our health care system, as well.
Well, let me be clear: The same soaring costs that are straining families' budgets are sinking our businesses and eating up our government's budget, too. Too many small businesses can't insure their employees. Major American corporations are struggling to compete with their foreign counterparts. And companies of all sizes are shipping their jobs overseas or shutting their doors for good.
Source: Wikisource

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