Page 40 - Risk Pool News Today

Many regrets about that. >> i think when you go back and deacon structure this affordable care act, you have to remember one thing that there was one democrat who was saying that we shouldnt be talking about for profit. >> you want to go for the whole match. >> american people do not know this even now that the federal government is going to give over $1 trillion in subsidies to the insurance companies over a 10 year period. this is like a bank bailout except to the insurance companies. so, the ...

Legislation passed. however, we have seen there needs to be greater clarifications and working together but not unilaterally. >> greater clarification? >> secondly, if i might point out, when medicare part d under bush was rolled out, it ran into the same challenges and -- that were overcome. theres not a congressman you could find now that would say we need to get rid of medicare part d. i think that will be the same with the affordable care act -- >> is that true, because i see a bigger issue ...

With this crisis yet. you cant recover from something that is not yet over. the president has used the analogy of fumbling the football. a better one is investing. warren buffett described compound interest as the eighth wonder of the world. it means your investment compounds upon itself and gets larger. we have here in the aca a compound problem. the website compounds into this problem of people getting off their plan. but the fixes then compound another problem and that is skyrocketing premium...

Doubt. it will be the law. at least as long as obama is president. it will be a bumpy first year. the net result is that there will end up being, by march, fewer people in the risk pool or in the exchanges, rather, than were anticipated. it might not be the same mix that was anticipated. rates might not be as low as they thought. so, it could be a bumpy first year. but there will be a second year and a third year. >> steve and eugene, thank you both for joining me tonight. coming up, how all t...

>> the way i see it now based on what the experts are telling me is either his fix works and people can stay on the individual insurance market and then we dont have enough people on the exchanges. that begins the death spiral potentially. not enough premiums are coming in. the risk pool is dangerous. you dont have healthy people there. i dont know what will happen a year from now. will we have the political will then to cancel the people? >> there is another train coming down the track. thats t...

Debate. which party would you rather have health care? people always say democrats. and then they try to and they say socialization, government health care, oh, my god and that rhetoric takes over. yeah, this was more complicated than we thought. they do own it right now. what hes saying at the end is very true. there is still a possibility, distinct possibility, a good possibility that ultimately six months, a year from now youll have a viable risk pool that will be created. youll have these ex...

To contact the two bigs insurance companies in the state, blue shield and health net. they said they were still decidi deciding. then the california insurance commissioner who is a big obama care supporter held a news conference indicating the insurance companies are pushing back and arent happy. listen to thhim. >> first its disingenuous for blue shielden and others to say, look, if we renew into 2014 that will damage the exchange. >> he said blue shield. we contacted blue shield again. they sa...

>> well, you know, heres the point. this bill was passed in march of 2010, shep. and the insurance companies and the insurance regulators for the last three and a half years have been working on the basis of trying to make this all work. based on the mandates and the changes that were in obamacare. now the president comes out in the middle of november, 0 month -- less than a month before the insurance companies have to set, if youre going to get a policy on january 1st january 1st they have to d...

Live from capitol hill. the president has promised to veto whatever comes his way if it even gets any farther than that. what exactly is in this bill that could be so damaging to obama care? >> reporter: democrats argue that what is in it is, as you said, it would gut the bill, or the law, i should say, and the reason is because unlike what the president proposed, which is just a one-year ability for people who already have cancelation policies in hands, this would allow everybody to keep their ...

Off because they feared this is going to be very complicated. >> thats the story going all the way back to harry truman. in the abstract when theres no reform proposal, democrats always win the health care debate. which party would you rather have health care? people always say democrats. and then they try to and they say socialization, government health care, oh, my god and that rhetoric takes over. yeah, this was more complicated than we thought. they do own it right now. what hes saying at th...