… I don’t have to explain to you that nearly 46 million Americans don’t have health insurance coverage today. In the wealthiest nation on Earth, 46 million of our fellow citizens have no coverage. They are just vulnerable. If something happens, they go bankrupt, or they don’t get the care they need.
But it’s just as important that we accomplish health insurance reform for the Americans who do have health insurance — (applause) — because right now we have a health care system that too often works better for the insurance industry than it does for the American people. And we’ve got to change that. (Applause.)
Now, let me just start by setting the record straight on a few things I’ve been hearing out here — (laughter) — about reform. Under the reform we’re proposing, if you like your doctor, you can keep your doctor. If you like your health care plan, you can keep your health care plan.
You will not be waiting in any lines. This is not about putting the government in charge of your health insurance. I don’t believe anyone should be in charge of your health insurance decisions but you and your doctor. (Applause.) I don’t think government bureaucrats should be meddling, but I also don’t think insurance company bureaucrats should be meddling. That’s the health care system I believe in. (Applause.)
A recent report actually shows that in the past three years, over 12 million Americans were discriminated against by insurance companies because of a preexisting condition. Either the insurance company refused to cover the person, or they dropped their coverage when they got sick and they needed it most, or they refused to cover a specific illness or condition, or they charged higher premiums and out-of-pocket costs. No one holds these companies accountable for these practices.
Under the reform we’re proposing, insurance companies will be prohibited from denying coverage because of a person’s medical history. Period. (Applause.) They will not be able to drop your coverage if you get sick. (Applause.) They will not be able to water down your coverage when you need it. (Applause.) Your health insurance should be there for you when it counts — not just when you’re paying premiums, but when you actually get sick. And it will be when we pass this plan. (Applause.)
Now, when we pass health insurance reform, insurance companies will no longer be able to place some arbitrary cap on the amount of coverage you can receive in a given year or a lifetime. And we will place a limit on how much you can be charged for out-of-pocket expenses, because no one in America should go broke because they get sick. (Applause.)
And finally — this is important — we will require insurance companies to cover routine checkups and preventive care, like mammograms and colonoscopies — (applause) — because there’s no reason we shouldn’t be catching diseases like breast cancer and prostate cancer on the front end. That makes sense, it saves lives; it also saves money — and we need to save money in this health care system. …