Speaking from the East Room following the Court’s decision, President Obama said:
“Today’s decision was a victory for people all over this country whose lives will be more secure because of this law and the Supreme Court’s decision to uphold it.”
The President then explained what it means for each citizen, speaking to key features of the law. “If you’re one of the more than 250 million Americans who already have [sic] health insurance, you will keep your health insurance — this law will only make it more secure and more affordable,” President Obama stated. He added, “By this August, nearly 13 million of you will receive a rebate from your insurance company because it spent too much on things like administrative costs and CEO bonuses, and not enough on your health care.”
Presumptive Republican presidential nominee Mitt Romney vowed if elected president “I will act to repeal Obamacare”. Citing grossly misleading claims (which I protested on Twitter) that “Obamacare raises taxes on the American people by approximately $500 billion”, Romney failed to point out which Americans would be impacted.
High-income taxpayers who earn more than $200,000 will incur a 2.35 percent Medicare payroll tax, up from 1.45 percent, and will also be taxed 3.8 percent on unearned income. But it’s important to note there’s not much difference between “Obamacare” and the Massachusetts health care insurance reform law Romney signed as governor in 2006.
Mitt Romney Speaks on Supreme Court’s Decision