Obama Pitches Obamacare Plusses as Health Law Pressures Mount

With his health care reform under attack and Americans increasingly skeptical of its benefits, President Obama went on the offensive Thursday announcing that the program will put $500 million into consumers’ pockets this summer and claiming it has lowered insurance rates by $3.4 billion.

During a White House press conference, Obama said 8.5 million policy holders will get rebate checks from insurance companies that spent less than 80 percent of premiums on actual medical care, one of the rules under Obamacare that is intended to limit administrative costs and profits.