Election 2024: Biden to address nation, Trump prepares for 2nd term

In a statement Wednesday night, Senate Majority Leader Chuck Schumer said Vice President Kamala Harris' "historic candidacy inspired millions and her vision for a better future for all Americans will endure."

"Her advocacy on many issues -- from lower costs, more affordable housing, and a fairer tax system - will continue to have strong impacts on America and on our party," he said.

Schumer also reaffirmed Senate Democrats' commitment to "working with our Republican colleagues to deliver for the American people."

"As I've said time and again, in both the majority and the minority, the only way to get things done in the Senate is through bipartisan legislation while maintaining our principles -- and the next two years will be no different," Schumer said.

Former President Donald Trump is set to return to the White House after winning Tuesday night's election.

As of Wednesday morning, Trump surpassed the 270 electoral votes need to secure the presidency, and that could mean major changes to the health care landscape.

During his campaign, Trump vowed to make the Affordable Care Act "better" and to protect "women." He also suggested that Robert F. Kennedy Jr. would shape the public health agenda of his administration.

MORE | This is what a second Trump term would mean for health care policies including health insurance and reproductive rights.

In a statement following former President Donald Trump's electoral victory, former and future first lady Melania Trump released a statement saying Trump's presidency will "safeguard the heart of our republic," which she called "an important responsibility."

"I anticipate the citizens of our nation rejoining in commitment to each other and rising above ideology for the sake of individual liberty, economic prosperity, and security," she wrote in a post on X.

In a statement Wednesday night, President Joe Biden praised Vice President Kamala Harris after her concession speech, calling her a "tremendous partner and public servant full of integrity, courage, and character."

"Under extraordinary circumstances, she stepped up and led a historic campaign that embodied what's possible when guided by a strong moral compass and a clear vision for a nation that is more free, more just, and full of more opportunities for all Americans," Biden said.

Biden said that choosing Harris to be running mate was "the best decision" he made.

"Her story represents the best of America's story. And as she made clear today, I have no doubt that she'll continue writing that story," Biden said.

"She will continue the fight with purpose, determination, and joy. She will continue to be a champion for all Americans. Above all, she will continue to be a leader our children will look up to for generations to come as she puts her stamp on America's future," Biden added.