Supreme Court upholds Obamacare 5-4

President Obama touted the benefits of the law he championed as he reacted to the Supreme Court’s ruling.

“By this August, nearly 13 million of you will receive a rebate from your insurance company because it spent too much on things like administration and CEO bonuses and not enough on your healthcare,” Obama said.

Other benefits include lower drug costs for seniors as well as denying insurers the option to deny coverage because of pre-existing conditions. It also provides free preventative care in certain cases and issues credits to those who can’t afford their health insurance premiums.

Each state will decide its “own menu of options” and they’re welcome to come up with ways to cover more people and improve costs, Obama said.

The president said he respects concerns about the bill and he understands that people are worried that it was politically driven, but he said it should be clear by now he didn’t push for the act because it was “good politics.”

“I did it because I believed it was good for the American people,” he said.

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