Page 33 - Risk Pool News Today

>> you know, things looked really bad for a while, and i was, you know, i certainly had my doubts. i sort of thought, you know, when the website was having so many problem, if you had told me theyd get to 2 million, 3 million and there would be big problem, i would have said, yeah, that seems possible. it couldnt collapse, but there would be big problems. you know, things -- after they got the website together, they actually started, things started to work more or less like theyre supposed to be...

On webmd, on the internet, and here, it just crossed the wires, president obama said on webmd that enough people have signed up for health care to make his signature law work. well he is at 4.2 million according to hhs. didnt the white house say we got to have 7 million? >> that was then. this is now. gregg: changing the goalposts. >> changing the goalpost. moving the goalpost. the president says he can get buy with only 25% of young people signing up. well see, eventually the numbers will be th...

Found 4 out of 5 have either already raised deductibles on employee health plans because of obamacare or are thinking about it. one viewer told mr. obama they were planning to pay the penalty instead of buying an obamacare plan because it was too expensive, although only 4.2 million have signed up, the president talked ability ten times that many who were uninsured. >> if 40 million people signed up, you could assure that probably the premiums would go down significantly next year, just because ...

In time whether any of the states will change their direction on this or whether theyll stay where they are, but the extension does run the risk of perpetuating more than one risk pool, which can adversely affect selection, so the more sick people might be in it or might have different premiums and premium increases. uncertainty is not good in the insurance business. >> do your foal -- fellow commissioners, hearing about another extension for small business or insurance planes that dont meet the...

Chose last time around not to take the presidents optional extension. that is one of the reasons they cited and presumably young, healthy people had the catastrophic plans and we need them to be in the risk pool to pay for older, sick people. jon: is this a sign nervous democrats are banging on the white house door, do not, mr. president, allow these 11 million policies to be canceled right before election day? >> absolutely. if you look back that was one of the biggest pr disasters in the entir...

But the truth is, young people are knuckle heads, you know? theyre the ones cooking for the first time and slice their finger open, dancing on the bar stool. >> young people. yeah, yeah, yeah. >> i dont know. youre dancing on the bar stool, right? >> no. >> so she is making a major pitch. they have five weeks. theyve got to really get a lot of young people enrolled. and i assume thats why she decided to go on that show, which a lot of young people watch. >> right. march 31 is the deadline if you...

A start. >> chris wallace joins us now. chris, you heard 7 million target and now is he low balling us on purpose? >> i dont know. i think they would be thrilled if they got 5 or 6 million given the terrible start and the latest numbers are over three millions with two months to go. 5 or 6 million sounds realistic and they can live with that. that would be another sign of how badly the program started. there were other numbers that are concerning and one of them is the risk pool of those signing...

>> weve gotten away from public service. thats to create things with a greater quality of life. its not just those 100,000 that now have health insurance that didnt before, but look at that 50% of those 100,000 are under 40 or under. which is the hardest group to get ensured. not only are we getting the younger insurers, but they are helping the risk pool so that we do exactly what wen watt do do, and that is get more people insured. >> did it stay further right with bill clinton? has it moved t...

The end of march. less than 3.3 million people now. this law, this lack of the number of people who are signing up is going to create an unbalanced risk pool. if they dont work, what happens? their losses incurred by the underwriters and the law is written there that the american taxpayers will make up the difference. its called a risk pool corridor. and those losses sustained by the failure of this plan will be the responsible of the american people. >> did they design it that way to spread out...

Numbers. 3.3 million have been signed up so far. they need 7 million by the end of next month. so by march 31st they need to more than double the numbers so far. do you think they will get that? and congressman, do you think they will get the right people, they say about half, more than half are over 45 years old. they need more younger people to make this thing work. >> well, they need 40% to be younger people, younger people by nature believe they are invincible, particularly when you have a p...