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October 26, 2013
You think that is free competition? no, government has a legitimate role in setting some rules of the road. when it comes to insurance -- >> we are talking about competition and not rules of the read. >> companies are making huge profits they should respond to human need. >> lets stay on topic. i have to do this, guys. i want to pull up these screens. i tried to log on to the obamacare website. i got to the poimt they asked for security questions. i answered three. i pressed start your account a...
October 26, 2013
From these insurers. >> i think as capitalists we should all say thats a good thing. >> capitalism -- >> too many of these health companies were not responding -- >> government does not create competition. >> you said it was working. eric just said a moment ago, lots of people, 40 million had no insurance and they were going on people with preexisting conditions. >> it wasnt working, juan, because it was not a freedom market. as many progressives like to advocate. >> you changed your position. n...
October 26, 2013
91% default rate. >> not bad. it is better than the green energy push. >> juan is repeating the government and we had this great free market and health care before obamacare and thats what ruined it all. before obamacare, they were responsible for half of all health care expenditure. that will go up and up. just like ethanol and just like housing and student loans, it will result in massive wealth destruction for all. this whole idea government can create competition is a continue business. ad s...
October 26, 2013
Right now. hi, welcome to "cashing in." our crew, jonathon, michelle and juan williams. welcome, everyone. i am betting a lot of you have not heard about nonprofit insurers that will sell coverage in obamacare. they are getting $2 billion in low interest government loans. one already went bankrupt and went under. now 10 others are struggling and that could leave taxpayers on the hook for a billion dollars. jonathon, sounds like salindra. >> it is. it is government intervention into what should...