Page 38 - Risk Pool News Today

For their insurance, so it will pay for the older, sicker people in the risk pool. i mean, thats the whole point of this, and theyre not getting enough. and from what we know right now, people in that age group are not terribly interested in this. we saw this poll from harvard, and it asked, you know, do you approve of this health program thats been passed and is going into effect, and 57% said they dont, and theyre not particularly interested in getting involved. >> i mean, that is really stunn...

Healthy people going into this new risk pool. that is the only way we agreed to insure old, sick people for costs. now, health care.gov doesnt work. the president saying you can stay in the old plan. dont pay new money with this, its starting to implode. the solution just give more taxpayer money. well bail out insurance companies to make this worth their while. turns out that, too, was baked into the law which we had to pass before we knew what is in it >>. you know its right. carpet bombing in...

>> how do you test that in advance? how do you know whether or not youve reached that goal before january 1st? >> well, thats a great question. we need to make sure not only are health plans getting all the enrollment, so every time somebody is enrolling in a plan, those are showing up to the insurance company. then we need to make sure all the data is complete and accurate so the plan can reach out to the consumer. and the consumer needs to pay their first months premium before coverage can beg...

>> you saw that harvard poll where younger people are much more skeptical, less interested, not paying as much attention. are you concerned about the mix? because the white house is not giving us those numbers yet. do you have any early indication of what the risk pool looks like? >> you know, we dont. its really too early to know exactly whos going to come in. as chris mentioned, as we saw in massachusetts, theres -- we see the young people typically kind of wait until the last few minutes befo...

Businesses that all work together that create a high risk pool. those high risk pools are now considered illegal under the affordable care act so all of them are out shopping when they currently had insurance. so again its from your point of view whether its a good thing 100,000 people signed up when there are millions that still dont have it. >> according to the kaiser family foundation for example, congressman, 144,000 residents of your state will be among five million americans who wont be co...

Cant do it. thats what galls people about obama care. >> david? >> i think thats true. theres a level of engineering here that goes on to make a pool work. the creation of a risk pool itself has necessary ingredients. you need a certain amount of young and healthy. a certain amount of older and sicker so it balances out. what does it balance out to? making sure insurance companies are on board. we do this in other aspects of our society. you talked about the train derailment. we do it with gover...

Become as high risk pool and no healthy young people buy it they have to readjust their prices and they go higher and theres more incentive for healthy people not to buy it.state, kent seems to be working. you took a medicaid expansion, your state did, and you have young people signing up in a statistically, it looks good. >> 7,000 people have sign up. and 280,000 have been canceled. many of them are young and healthy that have been canceled. because this is the individual market. so by far and ...

Im seeing a sentiment where they dont want to deal with the complexity and change thats happening because of this healthcare law. >> this idea now that they are having this powwow at the white house as we speak, doctor with the state insurance commissioners who ultimately be the ones who decide whether the president can go ahead and keep people who want to be on present policies on these policies another year while they sort this out. no indication they are going to be able to do that because as...

Death spiral they have to raise premiums on the older sicker people there is not enough people in the risk pool. the own thing collapses of its own weight. thats the biggest threat to obamacare. >> talk about it today. >> he has mentioned this kind of thing before but this is clearly the biggest thing. there is going to be massively campaign to get those young people to sign up. there there they cant do it now. no point going to the web site if it isnt ready. >> massive taxpayer expense too. >> ...

People and it will essentially be a high risk pool which is very expensive to cover and the prices go higher and higher and the only fix become more mandates. some people have said the discussion over obama care isnt about health care its about freedom of choice versus coercion. the president is coercing you into four plans and hes telling you exactly what you have to buy. this is extraordinary in our country. and thats why the whole supreme court case was something that was incredibly important...