Obama, 53, then filled in on the fan-favorite segment "The Word", but decided to make the title more "presidential" and changed it to "The Decree."
"Nation," Obama said, referring to the audience in a Colbert manner. "As you know, I, Stephen Colbert, have never cared for our president. That guy is so arrogant. I bet he talks about himself in the third person."
The leader of the free world then used the segment to promote Obamacare. "They could pass a bill repealing Obamacare. But the president still has the veto and if I know that guy, he is willing to use it," he said. "And let's face it, even if Republicans somehow did repeal it, they would have to replace it with their own health care plan. Once they touch it, they own it, and then if anything goes wrong, suddenly everybody will be complaining about Mitch McConnell-care."