Barack Obama

What is the FPL for an American family of four in 2010?

The ACA includes health-related provisions, most of which took effect in 2014, including expanding Medicaid eligibility for people making up to 133% of the federal poverty level (FPL) starting in 2014, subsidizing insurance premiums for people making up to 400% of the FPL ($88,000 for family of four in 2010) so their maximum "out-of-pocket" payment for annual premiums will be from 2% to 9.5% of income, providing incentives for businesses to provide health care benefits, prohibiting denial of coverage and denial of claims based on pre-existing conditions, establishing health insurance exchanges, prohibiting annual coverage caps, and support for medical research. According to White House and CBO figures, the maximum share of income that enrollees would have to pay would vary depending on their income relative to the federal poverty level.


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  • John McCain was nominated as the Republican candidate, and he selected Sarah Palin as his running mate. The two candidates engaged in three presidential debates in September and October 2008. On November 4, Obama won the presidency with 365 electoral votes to 173 received by McCain. Obama won 52.9% of the popular vote to McCain's 45.7%. He became the first African American to be elected president. Obama delivered his victory speech before hundreds of thousands of supporters in Chicago's Grant Park.

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  • On November 6, 2012, Obama won 332 electoral votes, exceeding the 270 required for him to be reelected as president. With 51.1% of the popular vote, Obama became the first Democratic president since Franklin D. Roosevelt to win the majority of the popular vote twice. Obama addressed supporters and volunteers at Chicago's McCormick Place after his reelection and said: "Tonight you voted for action, not politics as usual. You elected us to focus on your jobs, not ours. And in the coming weeks and months, I am looking forward to reaching out and working with leaders of both parties."

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  • As a candidate for the Illinois state senate in 1996, Obama had said he favored legalizing same-sex marriage. By the time of his Senate run in 2004, he said he supported civil unions and domestic partnerships for same-sex partners but opposed same-sex marriages. In 2008, he reaffirmed this position by stating "I believe marriage is between a man and a woman. I am not in favor of gay marriage." On May 9, 2012, shortly after the official launch of his campaign for re-election as president, Obama said his views had evolved, and he publicly affirmed his personal support for the legalization of same-sex marriage, becoming the first sitting U.S. president to do so.

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  • Obama appointed two women to serve on the Supreme Court in the first two years of his presidency. He nominated Sonia Sotomayor on May 26, 2009 to replace retiring Associate Justice David Souter; she was confirmed on August 6, 2009, becoming the first Supreme Court Justice of Hispanic descent. Obama nominated Elena Kagan on May 10, 2010 to replace retiring Associate Justice John Paul Stevens. She was confirmed on August 5, 2010, bringing the number of women sitting simultaneously on the Court to three justices for the first time in American history.

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  • In December 2007, Money Magazine estimated Obama's net worth at $1.3 million (equivalent to $1.6 million in 2019) . Their 2009 tax return showed a household income of $5.5 million—up from about $4.2 million in 2007 and $1.6 million in 2005—mostly from sales of his books. On his 2010 income of $1.7 million, he gave 14% to non-profit organizations, including $131,000 to Fisher House Foundation, a charity assisting wounded veterans' families, allowing them to reside near where the veteran is receiving medical treatments. Per his 2012 financial disclosure, Obama may be worth as much as $10 million.

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