>> right. i think they expected things to go badly. i don't think they expected them to go this badly. >> you talk to these people off the record or on background all the time. what are they telling you in private? >> in private they are saying that the selection problems are much worse, the mix is bad. there was an interesting united health care, one of the largest insurers in the country, chose to participate in just a few exchanges because they thought the problems would be so bad. their ceo this week said their enrollment was so low they could send a gift basket to every one of their enrollees and this is a good thing for shareholders. >> should republicans run against this idea there is going to be an insurance bailout? there is part of obama care that says if the pool is as bad as joe said it is, there are mechanisms which hhs will provide money, reinsurance pool to offset some of those losses.