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Obama hails Supreme Court health law ruling as 'victory' for Americans

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The Supreme Court’s decision upholding the legality of IRS rules providing federal premium subsidies to those obtaining coverage in the federal health insurance exchange is a “victory” for millions of Americans, President Obama said.

Speaking at the White House Rose Garden shortly after Thursday’s high court ruling, President Obama said the decision means the lives of millions of hardworking Americans “will continue to become more secure in a changing economy because of the this law,” referring to the Patient Protection and Affordable Care Act.

• PHOTO GALLERY: THE SUPREME COURT RULES ON ACA SUBSIDIES

• VIDEO: HEALTH CARE REFORM COMPLIANCE

APPEALS COURT RULING ON ACA CONTRACEPTIVE COVERAGE

READ THE RULING HERE

“Because of this law, and because of today’s decision, millions of Americans who I hear from every single day will continue to receive the tax credits that have given eight in 10 people who buy insurance on the new marketplaces the choice of a health care plan that costs less than $100 a month,” he said.

: President Obama pledged to work to continue to expand health care coverage. “I’m going to work as hard as I can to convince more governors and state legislatures to take advantage of the law, put politics aside, and expand Medicaid and cover their citizens,” referring to an ACA provision that provides rich federal subsidies to states that expand their Medicaid programs to cover more lower-income uninsured residents.

And, he chalked up the law’s achievements. “More than 16 million uninsured Americans have gained coverage so far. Nearly one in three Americans who was uninsured a few years ago is insured today. The uninsured rate in American is the lowest since we began to keep records. And that is something we can all be proud of,” he said.

The health care reform law, President Obama concluded, “is here to stay.”