All right. Please, everybody have a seat. This is good. This is good.
(Laughter and applause.)
Today, with one of the first bills that I sign -- reauthorizing the Children's Health Insurance Program -- we fulfill one of the highest responsibilities that we have: to ensure the health and well-being of our nation's children.
It's a responsibility that's only grown more urgent as our economic crisis deepens, as health care costs have exploded and millions of working families are unable to afford health insurance. Today in America, 8 million children are still uninsured -- more than 45 million Americans altogether.
And it's hard to overstate the toll this takes on families: the sleepless nights worrying about somebody getting hurt, or praying that a sick child gets better on her own; the decisions that no parent should ever have to make -- how long to put off that doctor's appointment, whether to fill that prescription, whether to let a child play outside, knowing that all it takes is one accident, one injury, to send your family into financial ruin.
The families joining us today know these realities firsthand. When Gregory Secrest, from Martinsville, Virginia, lost his job back in August, his kids lost their health care. When he broke the news to his family, his nine-year-old son -- where are you? -- that's you, I thought so -- (laughter) -- handed over his piggy bank with $4 in it, and told his father, "Daddy, if you need it, you take it."
Now, this is not who we are. We're not a nation that leaves struggling families to fend for themselves, especially when they've done everything right. No child in America should be receiving his or her primary care in the emergency room in the middle of the night. No child should be falling behind at school because he can't hear the teacher or see the blackboard. I refuse to accept that millions of our children fail to reach their full potential because we fail to meet their basic needs. In a decent society, there are certain obligations that are not subject to tradeoffs or negotiations, and health care for our children is one of those obligations. (Applause.)
That is why we have passed this legislation. These legislators have passed this legislation on a bipartisan basis to continue coverage for 7 million children, cover an additional 4 million children in need, and finally lift the ban on states providing insurance to legal immigrant children if they choose to do so. (Applause.) Since it was created more than 10 years ago, the Children's Health Insurance Program has been a lifeline for millions of children whose parents work full time and don't qualify for Medicaid, but through no fault of their own don't have -- and can't afford -- private insurance. For millions of children who fall into that gap, CHIP has provided care when they're sick and preventive services to help them stay well. This legislation will allow us to continue and build on these successes.
But, as I think everybody here will agree, this is only the first step. The way I see it, providing coverage to 11 million children through CHIP is a down payment on my commitment to cover every single American. (Applause.) And it is just one component of a much broader effort to finally bring our health care system into the 21st century. And that's why the Economic Recovery and Reinvestment Plan that's now before Congress is so important.
Now, think about this -- if Congress passes this recovery plan, in just one month, we will have done more to modernize our health care system than we've done in the past decade.
We'll be on our way to computerizing all of America's medical records, which won't just -- (applause) -- it won't -- won't just eliminate inefficiencies, won't just save billions of dollars and create tens of thousands of jobs -- but it will save lives by reducing deadly medical errors. We'll have made the single largest investment in prevention and wellness in history -- tacking problems like smoking and obesity, and helping people live longer, healthier lives. And we'll have extended health insurance for the unemployed, so that workers who lose their jobs don't lose their health care, too. (Applause.)
Now let me say this. In the past few days I've heard criticisms of this plan that frankly echo the very same failed theories that helped lead us into this crisis in the first place -- the notion that tax cuts alone will solve all our problems; that we can address this enormous crisis with half-steps and piecemeal measures and tinkering around the edges; that we can ignore fundamental challenges like the high cost of health care and still expect our economy and our country to thrive.