In December 2009, three months before the Affordable Care Act was passed, former President Barack Obama met with Democrat leaders from the Senate to help them put the final touches on what would soon become his administration’s signature piece of legislation. Following those meetings, Obama proudly announced the numerous benefits the ACA would allegedly provide to Americans, saying, “Families will save on their premiums; businesses that will see their costs rise if we do nothing will save money now and in the future.”
Referring to the criticisms the ACA was then receiving as “misinformation,” Obama added, “You talk to every healthcare economist out there and they will tell you that whatever ideas are — whatever ideas exist in terms of bending the cost curve and starting to reduce costs for families, businesses, and government, those elements are in this bill.”
