Obama: Reforming Health Care Critical to Economic Well Being

President Barack Obama delivers remarks on health care reform at the annual meeting of the American Medical Association, June 15, 2009 in Chicago. (AP)

President Barack Obama delivers remarks on health care reform at the annual meeting of the American Medical Association, June 15, 2009 in Chicago. (AP)

President Barack Obama urged members of the American Medical Association to join his effort to overhaul the nation's health care system, calling it 'a ticking bomb' for the budget. Speaking before the AMA in Chicago, Obama said that measures must be taken to provide coverage for the uninsured and to reduce 'excessive defensive medicine' doctors practice to avoid lawsuits. He reiterated that he was not advocating socialized medicine, despite 'fear tactics' used by opposition to 'paint any effort to achieve reform' as an attempt to 'socialize medicine.'

Listen to President Obama's address:

Transcript of President Obama's address >>