Page 5 - Back Stop News Today

Without compromising on the essential health benefits, have some significant flexibility in the way they build their own programs. want to ask you about that. >> uh-huh. >> some of these -- there are going to be folks that argue that you arent fully protecting those folks with preexisting conditions, that you are taking healthier people out of the larger pool, allowing them to be put in a cheaper catastrophic-only pool which then of course over time could only raise the premiums of the sicker ...

The states for the states to do that which is best for that state. if youre in a state which is not expanded medicaid, youre going to do great. in all those lower income texans, floridians will have dollars in their state to help them get health insurance they currently do not have. we do you best to hold you harmless. were running through the chip program. i hear no one complain about the chip program. the chip program has been recognized to be an effective way to provide access to quality care...

If youre in a state which is not expanded medicade, youre gonna do great. all those lower north carolina texans, virginians, floridians will have dollars in their state to get health insurance that they currently do not have. if youre a state which has expanded medicade we do our best to hold you harmless. we run it through the chip program. i hear no one complaining about the chip program. the chip program is something on a bipartisan basis has been recognized to be an effective way to provide ...

I dont care who lawyers up and who gets in there, its not going to matter, because theres the truth and that will come out and unfortunately for donald trump its not going to be, as malcolm says, wont be pretty. >> donald trump throughout his life whenever he has gotten in a jam, when he had a massive bankruptcy, when his divorces, everything, he turned to the new york tabloid press as a way to agrandize himself. ill ask you and claire, is this an attempt to sort of create and dazzle the new yor...

Civil rights, voting rights, you can argue about whether this is a good thing. its certainly the trump agenda. what its all about is russia and how fixated the president is on the unfairness he proceeds of this investigation and he blames sessions for it. policy doesnt matter. >> it raises the question of whether playing checkers is a smart move in a chess game involvings is. he is why. if you dont get rid of sessions, mueller comes out with his findings and it is -- we found this and this, but ...

Of getting their members to vote for, certainly in the senate. you see the political realities on the republican side. you want to work in a bipartisan fashion. looking at the political realities as they are in washington, is there anything you can say here specifically right now where you think there could be agreement between democrats and republicans on this? >> steve, i do. if we do it like were supposed to, get in the committees, hear from the public and we can find improvement. i have a bi...

Medicaid? >> back stop for lower income folks, the folks that are struggling among us, our colleagues, our peers, friends, and making sure there is a safety net there. i support that. my fellow republicans support that. >> isnt medicaid money that the federal government provides to states so they can reimburse hospitals to care for the poor? so if theres less money being paid to states to care for the poor, how does that reform the program that is literally based on money to pay hospitals to car...

Have to set up a spin-off that be walled off from our system that protects you as a back stop? >> right, i want to make this distinction. we protect and continue to protect depositors. we no longer protect as a result of this bill, the institution, an aig or any other. the institution could still fail but there would be a claim on deposit insurance. i dont want to protect shareholders or bond holders or boards of directors from imprudent decisions, but you cant penalize the average depositor sin...

If you want to go and play in this very risky, lucrative market that can blow up in a massively destructive way, you have to set up a spin-off that be walled off from our system that protects you as a back stop? >> right, i want to make this distinction. we protect and continue to protect depositors. we no longer protect as a result of this bill, the institution, an aig or any other. the institution could still fail but there would be a claim on deposit insurance. i dont want to protect sharehol...

Benefit plans, some want to offer 401(k)s, remove bailout from the equation. >> rich, should it be only 401(k)s, no pension plans? >> well, i agree with john, but most companies and unions should go with 401(k)s. as warren buffett says, the best plan is dollar cost average into a broad s&p 500 index and outperform the professional managers 8 out of 10 times. >> rick, corporate pension plans are the back stop, it is funded by insurance premiums that companies pay. i think mike probably agrees, bu...