Obama Calls Supreme Court Ruling A 'Victory' - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

Obama Calls Supreme Court Ruling A 'Victory'

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WASHINGTON (AP) - President Barack Obama said the Supreme Court's decision to uphold his health care overhaul is a "victory for people all over the country" and will make their lives more secure.

Obama said the decision upholds the fundamental principle that in America - the wealthiest nation on earth - no one should fall into financial ruin because of an illness.

The president said the decision means that people with pre-existing medical conditions will not be discriminated against and people will be able to afford quality health care.

The nation's highest court on Thursday upheld the individual insurance requirement at the center of the president's overhaul.

Polling has suggested that most Americans oppose the law and Republican presidential candidate Mitt Romney vowed again after the ruling to seek its repeal.

Click here to see for the transcript of President Obama's televised response to the Supreme Court ruling.