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Will substantially lower premiums by paying for the care for the very sick with federal tax dollars instead of premiums. >> you've been right before about the cost of obamacare. >> that's right. >> you're now saying this increase, this projected increase -- >> totally implausible. >> not going to happen? >> no. >> what do you make of what may be good news for the administration, that the healthcare bill would cut the deficit by $337 billion? >> i'll take it. that is plausible. we see that the spending will be down substantially. this nation needs medicaid reform. right now 57% of all dollars g...

Over ten years, $337 billion, that's because it makes about $1.2 trillion in cuts, and then proceeds to spend, it says, $.9 trillion, according to to the cbo. and that spending comes in the form of cutting taxes as well as offering about $360 million in those tax credits. those are aimed at helping people buy insurance. but, what you're cutting is medicaid. $880 billion worth of cuts to medicaid. and you're cutting those subsidies that people who are toosh make too much money to qualify but don't make enough for insurance, they get $6673 billion over the course of ten years. that medicaid wipe...

Report. i am looking at a microphone set up outside the white house. it's possible that official will come out and make a statement, but we are going to get some official response. any idea what that response might be from the white house? >> yeah, i think they are going to highlight the real news which is, you're going to save $337 billion. it fits within reconciliation and i view with them, they are going to question the fact that 21 million people are now going to be uninsured. that's not true. the cbo can only act with the fact they are given. they can't assume things that aren't in the ev...

That the first plan is what you see out there, then there will be administrative steps, regulatory changes and then the third part will be to legislate some fixes. they don't want you to think this is the whole package. the whole problem is, as you've been discussing is it's difficult to tell people they're going to be better off when you see the numbers of people losing -- or not having coverage and also the fact that older people, older people and less well off people will be paying more money for their insurance, say, ten years -- ten years out. that's going to be a very difficult problem f...

Its own. people will be without insurance with obamacare. we've had meetings over the last year. they laid it out there for the american people to see this. they've advertised this, people have weighed in on it. now you're going of to the are reforms to make the needed changes. this is a work in progress. it will be read before it's voted on. >> it will be what? >> read before voted on. >> it's much shorter this investigation as well. ted yoho from florida. >> yes, sir. >> let's bring in another guest, democratic congressman jim himes of connecticut. he's following this issue very closely. con...