He also said Obamacare is having a positive impact on American businesses' bottom lines, which will help boost American exports.
In the three years since Obamacare passed, health care costs have grown at the slowest pace on record, the president told a meeting of his Export Council.
"And I think this is critically important to recognize, because one of the huge competitive disadvantages that our businesses have had is that we -- American businesses oftentimes are shouldering health care costs that their competitors are not, because they've had a more efficient, more effective system."
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