But the bottom line is more people have insurance and are getting the care they need. Obamacare has hit some snags with rising premiums and doctor choice. When you're already struggling, health costs can be cost-prohibitive, especially for the uninsured. The numbers would be higher but or the fact that blacks disproportionately live in red states that have rejected Medicaid expansion. In particular, a third of those who gained insurance are Hispanic-and two-thirds are minorities. According to an analysis by The New York Times, the first full year of the ACA “brought historic increases in coverage for low-wage workers.” Immigrants saw the sharpest rise in coverage. But new studies out this week indicate that Obamacare is making a life-changing difference for actual Americans. People who were previously excluded from receiving life-changing or life-saving care were suddenly able to get the treatment they needed. Obamacare helped the most vulnerable Americans get access to healthcare. The Affordable Care Act, or Obamacare, stands as one of Obama's signature legislation victories, despite the withering attack Republicans continue to launch against it. Gene Sperling, the former director of the National Economic Council who spent hours inside the Oval Office debating and devising the president’s economic strategy, told me, “If we were back in early 2009-when we were coming to work every morning with clenched stomachs, with the economy losing 800,000 jobs a month and the Dow under 7,000-and someone said that by your last year in office, unemployment would be 5 percent, the deficit would be under 3 percent, AIG would have turned a profit and we made all our money back on the banks, that would’ve been beyond anybody’s wildest expectations.” It's easy to forget how bad things really were before the recovery. economic growth has significantly outpaced that of every other advanced nation. The budget deficit has fallen by roughly $1 trillion during his two terms. Unemployment, which peaked at 10 percent the year Obama took office, the highest it had been since 1983, under Ronald Reagan, is now 5 percent, lower than when Reagan left office. The private sector has added jobs for 73 consecutive months-some 14.4 million new jobs in all-the longest period of sustained job growth on record. Working around the clock with Congress, Obama was able to forge a bipartisan deal that brought the economy back from the brink. The financial crisis was tanking the economy and had people terrified it would metastasize into a new Great Depression. Obama inherited a failing economy and was able to turn it around.
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