But let’s face it, now is the hard part — because the history is clear — every time we come close to passing health insurance reform, the special interests fight back with everything they’ve got. They use their influence. They use their political allies to scare and mislead the American people. They start running ads. This is what they always do.
We can’t let them do it again. Not this time. Not now. (Applause.) Because for all the scare tactics out there, what is truly scary — what is truly risky — is if we do nothing. If we let this moment pass — if we keep the system the way it is right now — we will continue to see 14,000 Americans lose their health insurance every day. Your premiums will continue to skyrocket. They have gone up three times faster than your wages and they will keep on going up.
Our deficit will continue to grow because Medicare and Medicaid are on an unsustainable path. Medicare is slated to go into the red in about eight to 10 years. I don’t know if people are aware of that. If I was a senior citizen, the thing I’d be worried about right now is Medicare starts running out of money because we haven’t done anything to make sure that we’re getting a good bang for our buck when it comes to health care. And insurance companies will continue to profit by discriminating against people for the simple crime of being sick. Now, that’s not a future I want for my children. It’s not a future that I want for the United States of America.
President Barack Obama
August 11, 2009