Page 41 - Risk Pool News Today

Million people according to the numbers we confirmed today. young people who stayed on their parntss plans. they arent going to go on and the exchange and pay a lot more. theyll stay on their parents plans. you need those people to buy these plans so the older people who are suffering from preexisting conditions or other problems can get that care without a huge surge in premiums. >> we do need to get as many people in so we can balance the risk pool. that mean you need healthy people in there. ...

They are exactly the people he needs to come in to the new plans to provide a balanced risk pool that will allow it to succeed going forward. if large numbers of them are allowed to stay in their current plans outside of the system, he is putting off problems today but compounding them a year from now when rates could go up and further that downward spiral. >> i was talking to a senior administration official yesterday who said to me we do understand that we are undermining our own program, but ...

At least tas 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 this started this week with...

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 the employer mandate. >> right. >>...

Young, healthy people in large numbers. they are projecting 2 million young people. that is what they need. thats really the next big deadline they are looking at and hoping to meet. >> you never get a second chance to make a first impression but november 30th they are hoping to get a second chance to make a first impression to young americans, build that foundational bed to lift up the prom. thats what it relies on, young people invest in it. >> youre a risk pool. sick people balance that with ...

Now, people who already have insurance being able to actually access the product, and the insurance representative you had on was exactly right. it is all about the risk pool, who is in the pool, how many people and so on. theres no way, i mean, the system is designed to take people -- >> let me bring jonathan into this conversation. you have been doing some excellent reporting in the new republic. is it fixable? this fix the president came up with today, trying to recreate what he said so many ...

The system and allow them to keep their plans, and you probably dont have a lot of young, healthy people willing to try 8, 10, 12 hours to get on this web site. so already the people who are signing up are probably the older and the sicker. and the entire economic basis of this exchange system starts to collapse. thats a really big problem. >> well, thats really why the administration is saying to democrats, hold on, kind of like paul, saying democrats, hold on. we want to try and do some kind o...

Not that inclined to sign up on the exchange in the first place, you have an extra year, that creates a huge solvency problem for insurance companies. >> absolutely. what were talking about, we havent had a discussion about what insurance is versus what health care is. insurance means we all pool the risk. the insurance means i essentially am covering your risk, youre covering my risk. im not a young person anymore. >> invincible. >> young, invincible is part of the calculation here. young invin...

Last few days. i dont mean to understatement that. at the same time theres ample opportunity for this thing to work. the backdrop for what the white house is doing today, trying to ensure there are no major permanent changes made to this thing in this sort of moment of panic, weeks of panic were living through now that will make it difficult or impossible to create the healthy risk pool this law is predicated around. if you can get through these weeks, into december, get the website up and runni...

So you keep those people out of the system and allow them to keep their plans, and you probably dont have a lot of young, healthy people willing to try 8, 10, 12 hours to get on this website. so already the people who are signing up are probably the older and the sicker. and the entire economic basis of this exchange system starts to collapse. thats a really big problem. >> well, thats really why the administration is saying to democrats, hold on, kind of like paul, saying democrats, hold on. we...