LIVE: Biden, Obama Mark 12 Years of Affordable Care Act at the White House
(Apr. 5) Watch live as President Joe Biden, Vice President Kamala Harris and former President Barack Obama deliver remarks on the Affordable Care Act on Tuesday, April 5, 2022, in Washington, D.C. The last time President Barack Obama was in the White House was on Jan. 20, 2017, when he left to escort his successor — bent on overturning “Obamacare” — to the Capitol to be inaugurated. Obama returns to the White House on Tuesday for a moment he can savor. His signature Affordable Care Act is now part of the fabric of the American health care system, and President Joe Biden is looking to extend its reach. Sign-ups under the health law have increased under Biden’s stewardship, and more generous taxpayer subsidies have cut costs for enrollees, albeit temporarily. Biden and Obama are marking the 12th anniversary of the law that back in 2010 the then-vice president had memorably called a “big (expletive) deal.” Its staying power has been enhanced by three Supreme Court victories and an emphatic thumbs-down vote by the late Sen. John McCain, R-Ariz., which took the wind out of President Donald Trump’s efforts to repeal and replace it. The law was such a bugaboo in 2010 that Democrats rarely invoked it as they went into a midterm election that turned out to be, in Obama’s own words, a “shellacking.” Now, Democrats are hoping the political equation will work to their advantage, and that a focus on shoring up the tween-age health law can help them avoid a debacle at the polls this November. --- Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: / bloomberg Breaking News on YouTube: / bloombergquicktakenews Twitter: / quicktake Facebook: / quicktake Instagram: / quicktake
