Transcript for Obamacare and the Potential Government Shutdown
Hi everybody. This Tuesday is an important day for families businesses and our com. It's the day of big part of the Affordable Care Act kicks. And tens of millions of Americans will finally have the same chance to buy quality affordable health care has ever burials. It's also the -- that a group of far right Republicans in congress might choose to shut down the government. And potentially damage the economy just because they don't like this law. I'll get to that in a second but first -- won't be Affordable Care Act means for you. If you're one of the vast majority of Americans who already have health care. You already have new benefits you -- before. Like free mammograms and contraceptive care would know cooperate and discounts on prescription medicine for seniors. You've already got new protections in place to like no more lifetime limits on your -- no more discriminating against children with preexisting conditions like asthma. -- being able to stay on your parents' plan until you turn 26. That's all in place in available to Americans with health insurance right now. If you don't have health insurance or if you buy it on the individual market -- starting this Tuesday October 1. You can visit health -- dot gov to find what's called the health insurance marketplace in your state. This is a website where you can compare insurance plans side by side the same way you'd shop for TV -- plane ticket. You'll see new choices and new competition. Many of you will seek cheaper prices and many of you will be eligible for tax credits that bring down your cost even more. Nearly six in ten uninsured Americans will be able to get coverage for -- hundred dollars or less. If you're one of the up to half of Americans with a preexisting condition. These new plans mean your insurer can no longer charge you more than anybody else. They can't charge women more than men for the same coverage. And they take effect on January 1. So get covered that health -- dug up and spread the -- these marketplaces will be open for business on Tuesday no matter what. The Affordable Care Act as one the most important things we've done as a country in decades to strengthen economic security for the middle class and all who strive to join middle courts. And it's going to work. That's also one of the reasons it's so disturbing that Republicans in congress are threatening to shut down the government or worse. If I don't agree to -- this law. Congress has two responsibilities right now pass a budget on time and pay our bills on time. If congress doesn't pass a budget by Monday the end of the fiscal year the government shuts down along with many vital services the American people depend -- On Friday the senate passed a bill to keep the government open. But Republicans in the house have been more concerned with -- an extreme faction of -- party. Been working to pass a budget the creates new jobs or strengthens the middle class. And the next couple of days these Republicans have to decide whether to join the senate and keep the government open. Or create a crisis that will hurt people for the sole purpose of advancing their ideological agenda. Past government shutdowns have disrupted the economy. The shutdown would -- At a moment when our economy has steadily gained traction and our deficits have been falling faster than at any time in sixty years. A shutdown would be a purely self inflicted -- And that's why many Republican senators and Republican governors have urged Republicans in the house representatives to knock it off. Pass a budget and move -- This brings me to a second responsibility the congress -- Once they vote to keep the government open. They also have to vote within the next couple weeks to allow the treasury to pay the bills for the money that congress has already spent. Failure to meet this responsibility would be far more dangerous than a government shutdown. It would be an economic -- -- impacts not just here but around the world. Unfortunately some Republicans have suggested that unless I agree to an even longer list of demands. Not just getting the health care law but. Things like cutting taxes for millimeters or rolling back rules on big banks and polluters. They'll push the button throwing America into default for the first time in history and risk throwing all of us back into recession. I will work with anyone who wants have a serious conversation about our economic future. But I will not negotiate over congress' responsibility. To pay the bills it is -- racked up. I don't know how to be more clear about us. No one gets to threaten the full faith and credit of the United States of America just to extract ideological concessions. No one gets to hurt our economy and millions of innocent people just because -- a couple laws that you don't like. It hasn't been done in the past and we're not gonna start doing it now. The American people have worked too hard to recover from crises to see extremists in -- congress cost another one. And every day this goes on is another day that we can't continue the work of rebuilding the American middle class. Congress needs to pass a budget in time pay its bills on time and refocus on the everyday concerns of the people who sent them there. That's what I'm focused on that's what I'll keep fighting for. Thanks so much.
This transcript has been automatically generated and may not be 100% accurate.