From the White House, here’s a transcript of Obama’s remarks today at the university’s Comcast Center:
REMARKS BY THE PRESIDENT
AT RALLY ON HEALTH INSURANCE REFORM
University of Maryland
College Park, Maryland
11:49 A.M. EDT
THE PRESIDENT: Hello, Maryland! (Applause.) Thank you. Thank you, College Park. (Applause.) Thank you so much. It is good to be back at the University of Maryland. (Applause.) I want to start by wishing The Fridge and the Terps good luck on the game this weekend. (Applause.) Maybe I’ll even rub Testudo’s nose before I leave. (Applause.)
We’ve got a number of extraordinary elected officials who are here. I just want to introduce them real quick. Your Governor, Martin O’Malley, is in the house. (Applause.) The two outstanding senators from Maryland, Barbara Mikulski and Ben Cardin are in the house. (Applause.) One of the finest leaders that we have in Congress, Steny Hoyer is in the house. (Applause.) Lt. Governor Anthony Brown is here. (Applause.) Prince George’s County Executive Jack Johnson is here. (Applause.) Mayor Stephen Brayman is here. (Applause.) State Senate Majority Leader Tom Miller is in the house. (Applause.) Congresswoman Donna Edwards is here. (Applause.) Congressman Elijah Cummings. (Applause.) Congressman Chris Van Hollen. (Applause.) Congressman Sarbanes is here. (Applause.) Congressman Dutch Ruppersberger is here. (Applause.)
And to your president, Dan Mote, President of the University of Maryland, thank you so much. (Applause.)
You know –
AUDIENCE MEMBER: — (inaudible) –
THE PRESIDENT: Who? (Applause.)
You know, the last time I was here it was in the heat of a very long and very tough campaign. (Applause.) And in that campaign, I promised to be a President who — you guys can sit down, by the way. (Laughter and applause.)
In that campaign I promised to be a President who didn’t just clean up yesterday’s crises; I didn’t want to be a President who was just content with standing still. I promised to be a President who would build a better future; who would move this nation forward; who would ensure that this generation — your generation — had the same chances and the same opportunities that our parents gave us. (Applause.) That’s what I’m here to do. That’s why I ran for President of the United States of America. (Applause.)
I ran for President because of people like Rachel. Did she not do an outstanding job in the introduction? (Applause.)
Part of that promise is an economy that leads the world in science and technology and innovation. Part of that promise is a clean energy revolution that protects our planet — (applause) — protects our security, creates jobs of the future right here in the United States of America. Part of it is giving every citizen the skills and the education they need to compete with any worker in the world — just like you’re getting right here at the University of Maryland. (Applause.) And today, we are on the cusp of taking another big step forward towards fulfilling that promise.
A few miles from here, the House of Representatives will soon be voting on a plan that would finally make the student loan process simpler and more affordable for millions of young Americans. (Applause.)
This plan would end the billions upon billions of dollars in unwarranted subsidies that we hand out to banks and financial institutions — money that doesn’t do anything to make your loans any cheaper. Instead we’re going to use that money to guarantee access to low-cost loans no matter what the economy looks like. We’ll use it to strengthen Pell Grants and Perkins loans to make college more affordable. (Applause.) We’ll shore up our system of community colleges. And we will simplify the complicated, convoluted financial aid forms so it’s easier for you to apply for help and get the finances that you need. (Applause.)
These are reforms that have been talked about for years, but they’re always blocked by special interests and their lobbyists. Well, because you voted for change in November — (applause) — we’re going to bring change in the House of Representatives today. (Applause.) And then we will take this battle for America’s students and America’s working families to the Senate. And then I intend to sign this bill into law. Because that’s the change you worked for. That’s the change you voted for. That’s the change we’re going to deliver. (Applause.)
But, Terps, we can’t stop there. There are still those in Washington who are resistant to change — who are more willing to defend the status quo then address the real concerns of the American people.
AUDIENCE: Booo!
THE PRESIDENT: What can I tell you? (Laughter.) They’re still out there. We’re facing the same kind of resistance on another defining struggle of this generation — and that’s the issue of health insurance reform. (Applause.)
Now, let me say, when you’re young, I know this isn’t always an issue that you have at the top of your mind. You think you’re invulnerable. That’s how I thought.
AUDIENCE MEMBER: We love you, Obama!
THE PRESIDENT: I love you back. (Applause.)
I’m sure that some of you wondered why this college required that all new students have health insurance this semester. Well, here’s why. Here’s why. Every day, the one in three adults — one in three young adults who don’t have health insurance live one accident or one illness away from bankruptcy. Think about what would have happened with Rachel if she hadn’t had health insurance. Nearly half of these young people have trouble paying their medical bills. Nearly 40 percent are in debt because of them. I mean, think about adding the debt you already have for college — on top of that, another $10,000 or $20,000 or $30,000 or $50,000 worth of debt because you get sick.
Some of these Americans don’t get insurance because they feel young and healthy. But some work part-time or for small businesses, where you aren’t offered health insurance. And it’s just too expensive to buy coverage on your own.
Even if you have coverage, insurance companies today, they can drop it or water it down when you’re sick and you need it the most. Or they can decide that they won’t pay the full cost of your care and make you pay the rest of it out of pocket, even if it’s thousands upon thousands of dollars. That’s why more than one-third of all young adults — including those with insurance – have had trouble paying their medical bills. That’s why one-fourth of all young adults are paying off medical debt.
And we’ve heard some horror stories during the course of this debate.
Find out what these horror stories are — after the jump…
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