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One day after 22 House Democrats joined Republicans in voting to delay Obamacare’s individual mandate, President Obama used his bully pulpit to tout the law’s benefits as well as the “savings” already resulting from the Affordable Care Act.

In a speech at the White House Thursday, the president explained that because of the Affordable Care Act, insurance companies must spend at least 80 percent of every dollar paid in premiums on health care. Those that don’t meet that requirement must send their customers refunds.