President Barack Obama promised to seek to further reduce health care spending while praising the Affordable Care Act during his State of the Union address on Tuesday. "We'll reduce taxpayer subsidies to prescription drug companies and ask more from the wealthiest seniors," Obama said. Republicans in the Senate responded by pointing to reports of job losses and higher premiums attributed to Obama's signature health law. "And because Obamacare created expensive requirements for companies with more than 50 employees, now many of these businesses aren't hiring," Sen. Marco Rubio, R-Fla., said in his response to the president's speech.
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