THE PRESIDENT: Good afternoon, everybody. I just want to say a few words about two milestones that have passed in the last few hours that represent encouraging progress for our country. The first was the historic vote the House took last night on health insurance reform. For years we've been told that this couldn't be done. After all, neither chamber of Congress has been able to pass a comprehensive health insurance reform bill for generations. But last night the House proved differently. The Affordable Health Care for America Act is a piece of legislation that will provide stability and security for Americans who have insurance; quality, affordable options for those who don't; and bring down the cost of health care for families, businesses, and our government, while strengthening the financial health of Medicare. It is legislation that is fully paid for and it will reduce our long-term federal deficit. Given the heated and often misleading rhetoric surrounding this legislation I know that this was a courageous vote for many members of Congress, and I'm grateful to them and for the rest of their colleagues for taking us this far. But more importantly, so are the millions of Americans whose lives will change when we achieve insurance reform -- families with preexisting conditions who will finally have insurance coverage; parents who will be protected from annual and lifetime limits that can force them to pay exorbitant out-of-pocket costs for a child's illness; small businesses that will finally be able to cover their employees; and working folks who will finally be able to afford health insurance for the very first time. Americans like Katie Gibson, a cancer survivor from Bozeman, Montana, who shared her story with me this summer. Because of a medical condition Katie's insurance policy was suddenly revoked when she needed it most, even though she was paying her premiums. I called Katie this morning and I told her that when the bill that passed last night becomes law we'll be able to ...
