PANTS ON FIRE!!
This claim, which has circulated on social media in early 2026, is false and stems from satirical content and misinformation networks.
The claim that former President Barack Obama earned royalties or ownership stakes from the Affordable Care Act ("Obamacare") originated from a satirical web publisher, America's Last Line of Defense, and has been repeatedly debunked by fact-checkers since 2017.
Senator John Kennedy did not make this demand. According to CNN and Lead Stories, Senator Kennedy stated regarding this story: “I didn’t say that. I don’t know the basis of it”.
There is no evidence of $120 million, or any amount, being paid to Obama in royalties for the Affordable Care Act. Public financial disclosures show no such payments, and laws do not generate royalty payments to individuals.
— Repetitive Fake News —The story is part of a pattern of fake news that utilizes similar phrasing to target various figures, often originating from networks outside the United States.
The story is a designed to elicit reactions from social media users, rather than a factual news report.