President Obama Insists ACA Will Save You Money; New HHS Report Backs Up Financial Effectiveness Of Obamacare

Obama
On Thursday, President Barack Obama addressed growing concerns over the Affordable Care Act (ACA) while a statistical report released by the HHS shed light on its effectiveness. NASA HQ PHOTO, CC BY-NC 2.0

President Barrack Obama took part in a live conference on Thursday, addressing the growing debate over the Affordable Care Act (ACA).

"Affordable health care is not a privilege," President Obama said to supporters and media personnel.

"It is a basic right open to everyone."

In accord with a statement released by the Department of Health and Human Services (HHS), the President boasted lower than expected insurance costs for individuals as well as owners of small businesses. Obama also took time to highlight specific cases of consumers receiving much needed financial support.

"When a family works hard, every little dollar counts," he explained.

The HHS report released on Thursday was the result of growing concerns from "Obamacare" critics that Americans would see higher insurance costs than they would with current health care plans. Data pulled from 10 states and the District of Columbia showed that 2014 premiums for low-cost health care plans will drop 18 percent lower than early estimates had suggested, Reuters reported.

"Today's report shows that the Affordable Care Act is working to increase transparency and competition among health insurance plans and drive premiums down," Kathleen Sebelius, HHS Secretary, said in a statement.

This health care initiative, set to begin enrollment on October 1, 2014, is grouped into a set of categories starting with the highest premium — platinum — to the lowest premium, bronze. The report added that the success of ACA would depend on the silver package, which is expected to attract most of the seven million uninsured Americans covered under the act.

"Most people wouldn't know that it's because of Obamacare that they got a little extra money in their pockets," Obama said.

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