President Obama's statement on the constitutionality of ACA

The LA Times has a transcript.

I actually continue to be confident that the Supreme Court will uphold the law. And the reason is, because in accordance with precedent out there, it's constitutional.

That's not just my opinion by the way. That's the opinion of legal experts across the ideological spectrum, including two very conservative appellate court justices that said this wasn't even a close case."

I think it's important -- because I watched some of the commentary last week -- to remind people that this is not an abstract argument. People's lives are affected by the lack of availability of healthcare, the inaffordability of healthcare, their inability to get healthcare because of preexisting conditions.

The law that's already in place has already given 2.5 million young people healthcare that wouldn't otherwise have it. There are tens of thousands of adults with preexisting conditions who have healthcare right now because of this law. Parents don't have to worry about their children not being able to get healthcare because they can't be prevented from getting healthcare as a consequence of a preexisting condition. That is part of this law.

Millions of seniors are paying less for prescription drugs because of this law. Americans all across the country have greater rights and protections with respect to the insurance companies, and are getting preventive care because of this law.

So, that's just the part that's already been implemented. That doesn't speak to the 30 million people who stand to gain coverage once it's fully implemented in 2014.

And I think it's important, I think the American people understand and I think the justices should understand that in the absence of an individual mandate, you cannot have a mechanism to ensure that people with preexisting conditions can actually get healthcare.

So there's not only an economic element to this and a legal element to this but there's a human element to this, and I hope that's not forgotten in this political debate. Ultimately I'm confident that the Supreme Court will not take what would be an unprecedented, extraordinary step of overturning a law that was passed by a strong majority of a democratically-elected Congress.

And I'd just remind conservative commentators that for years what we've heard is the biggest problem on the bench was judicial activism or a lack of judicial restraint. That an unelected group of people would somehow overturn a duly constituted and passed law. Well, this is a good example, and I'm pretty confident this court will recognize that and not take that step.