Page 6 - Sicker News Today

If you dont get enough young people signing up, you dont have enough healthy people to subsidize the sicker, older people, the internal operation of obamacare collapses. that is where the bailout comes in. there is a statement that says in comes the tax america to back them up. can you imagine america bailing out the insurance companies? >> no doubt they have the fine print of that part of the bill on their desk and highlighted at this point, stuart. thanks, see you on fbn moments away. breaki...

They want to state pool. they want people to lose their coverage so they have to go into the exchange. >> reporter: because they need young and healthy to offset the older and sicker. >> they will be overcharged and those overcharges pay for the insurance for the sick, but the healthy get to keep insurance they already have and dont go into the exchange then the insurance and the exchanges becomes a small, very sick, very costly pool. >> reporter: and the smaller the pool, the greater the risk, ...

Insurance. ill take care of you. i want a president who believes in the abilities of young people, not just saying i wont leave you because i know you need me. >> if you take a study of 26-year olds who are hard to catch up to, but they say this. 60% have student loans. 54% making less than $25,000 and 13% not working at all. that last number is the most disturbing because you could be making a low salary but if youre on the right career path, thats okay. >> definitely. its only going to get wor...

John goodman says is going to seem like an old worry. what do you think? >> well, i would say that people arent worried enough because the risk -- theres a federal risk pool established for people who are sick, its going to end in a month or so. and those people go to exchanges, and states with risk pools end soon and those good on the exchange. the cities like detroit that promised benefits they cant pay for, they going to dump people on the exchange. a lot of employers do the same. so i have a...

Going to happen at this point. >> what they call adverse election if you dont have enough young and healthys to subsidize the older and the sicker in these exchanges the insurance are going to lose a ton of money. the numbers are way down the percentage of the young and healthy is so low if this continues theres no reason to think otherwise. the insurers are going to be out a huge amount of money. in the monstrosity called obamacare allows for your tax money and mine to bail out the insurance. i...

Its going to happen at this point? >> it looks like its going to have to happen because what the insurers call adverse selection, if you dont have enough young and healthy to subsidize the older and the sicker in the exchanges, then the insurance are going to lose a ton of money and the numbers are way down. the percentage of the young and the healthy is so low that if its continued, and theres no reason to think otherwise, the insurers are going to be out a huge amount of money. but buried in t...

Obamacare is a good deal if youre older and you have preexisting health conditions because it basically asks the young and healthy to subsidize the premiums of the older and sicker. the issue is if young people dont sign up and early evidence is that theyre not signing up in sufficient numbers, then the insurance pool is too expensive. that means that rates will go up and a few more people will drop out. there have been eight states that have done the same reforms that obamacare is enacting righ...

>> it suggests theres a lot of disappointment once you get to the website. you go, you look, and you think, gee, im not so sure. >> the white house insists the sign-ups alone are proof obamacare will work. >> nobody contests anymore whether or not theres a huge appetite for this product. >> of those who did sign up, 79% got government subsidies to reduce the cost, suggesting subsidies are key for the vast majority. >> if im heavily subsidized and i have a pre-existing condition, this is likely t...

Certain number of enrollees and most important they have to have a ratio of young and healthies who pay the premiums and derive the least amount of medical cost to subsidize the older and the sicker. so youve got to have a lot of young people paying in. the older ones will be draining the treasury of the insurance company. now when we look at the rollout, what a disaster it is, the low numbers and the fact that it looks to be unbalanced and what you talked about just a little earlier, all the fi...

Here? >> it might work at the margins. im sure there are truly unfortunate souls out there the lead singer from maroon 5 is one to take health care tips. jenna: i take it youre not one of them. >> not necessarily. this is a big problem for barack obama in the broader sense. everybody talks about the act -- actuarial stuff the young and healthy need tock overcharged to pay for the older and sicker. if you dont get that you get into a death spiral. this is split cam problem for the obama administr...