President Obama said the only businesses affected by the Affordable Care Act are insurance companies--but not small businesses like the one he was asked about Monday by a KITV reporter:
KTIV REPORTER MATT BREEN: One of those businesses that I mentioned said very specifically when they said they needed to close up shop and move their jobs back to Wisconsin was that it was a direct result of the health care reform that you initiated, that Congress passed. How do you react to that?
OBAMA: Yeah, that would be kind of hard to explain, because the only folks that have been impacted in terms of the health care bill are insurance companies who are required to make sure that they’re providing preventive care, or they’re not dropping your coverage when you get sick. And so, this particular company probably wouldn’t have been impacted by that. I know that there’s a perception sometimes that there’s all kinds of regulations coming out of Washington, the truth is actually we’ve seen fewer regulations coming out of my administration than the previous administration. But obviously, you know it’s tough running a small business no matter what. And we’re going to make sure that we continue to provide whatever financing help that we can provide.