Partial transcript:

As we draw close to finalizing – and passing – real
health insurance reform, the defenders of the 
status quo and political point-scorers in Washington 
are growing fiercer in their opposition. In recent 
days and weeks, some have been using misleading 
information to defeat what they know is the best 
chance of reform we have ever had. That is why it is 
important, especially now, as Senators and 
Representatives head home and meet with their 
constituents, for you, the American people, to have 
all the facts.

So, let me explain what reform will mean for you.  
And let me start by dispelling the outlandish rumors 
that reform will promote euthanasia, cut Medicaid, 
or bring about a government takeover of health care. 
That's simply not true. This isn't about putting 
government in charge of your health insurance; it's 
about putting you in charge of your health 
insurance. Under the reforms we seek, if you like 
your doctor, you can keep your doctor. If you like 
your health care plan, you can keep your health care 
plan.

And while reform is obviously essential for the 46 
million Americans who don't have health insurance, 
it will also provide more stability and security to 
the hundreds of millions who do. Right now, we have 
a system that works well for the insurance industry, 
but that doesn't always work well for you.  What we 
need, and what we will have when we pass health 
insurance reform, are consumer protections to make 
sure that those who have insurance are treated 
fairly and that insurance companies are held 
accountable.

We will require insurance companies to cover routine 
checkups and preventive care, like mammograms, 
colonoscopies, or eye and foot exams for diabetics, 
so we can avoid chronic illnesses that cost too many 
lives and too much money.

We will stop insurance companies from denying 
coverage because of a person's medical history.  I 
will never forget watching my own mother, as she 
fought cancer in her final days, worrying about 
whether her insurer would claim her illness was a 
preexisting condition. I have met so many Americans 
who worry about the same thing. That's why, under 
these reforms, insurance companies will no longer be 
able to deny coverage because of a previous illness 
or injury. And insurance companies will no longer be 
allowed to drop or water down coverage for someone 
who has become seriously ill. Your health insurance 
ought to be there for you when it counts – and 
reform will make sure it is.

With reform, insurance companies will also have to 
limit how much you can be charged for out-of-pocket 
expenses.  And we will stop insurance companies from 
placing arbitrary caps on the amount of coverage you 
can receive in a given year or a lifetime because no 
one in America should go broke because of illness.

In the end, the debate about health insurance reform 
boils down to a choice between two approaches. The 
first is almost guaranteed to double health costs 
over the next decade, make millions more Americans 
uninsured, leave those with insurance vulnerable to 
arbitrary denials of coverage, and bankrupt state 
and federal governments. That's the status quo. 
That's the health care system we have right now. 

So, we can either continue this approach, or we can 
choose another one – one that will protect people 
against unfair insurance practices; provide quality, 
affordable insurance to every American; and bring 
down rising costs that are swamping families, 
businesses, and our budgets. That's the health care 
system we can bring about with reform.

There are those who are focused on the so-called 
politics of health care; who are trying to exploit 
differences or concerns for political gain.  That's 
to be expected. That's Washington. But let's never 
forget that this isn't about politics. This is about 
people's lives. This is about people's businesses. 
This is about America's future. That's what is at 
stake. That's why health insurance reform is so 
important. And that's why we must get this done – 
and why we will get this done – by the end of this 
year.

http://www.whitehouse.gov/the_press_office/Weekly-Address-President-Obama-Calls-Health-Insurance-Reform-Key-to-Stronger-Economy-and-Improvement-on-Status-Quo/

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