Page 23 - Actuaries News Today : Breaking News, Live Updates & Top Stories | Vimarsana

News, stu, for small businesses trying to figure how to incorporate this law. >> bad news from objective organizations, office of actuaries, bean counters down the middle. they are not ideological, not skewed one way or the other. you're right. it is bad news for small business. 11 million people covered by small business plans will see their costs go up. we don't know how much they are going up. that cost upward movement does not include the extra they are going to have to pay on deductibles. bad news for small business. >> stu varney, we'll keep you at your new time, 11:00 eastern. hitting...

Companies who go into exchanges, think they have one sort of budget and find out they have to reinstate some plans, and then have to offer catastrophic plans for all these people that they canceled. how do you do this? >> it goes to show you how screwed up things are. they don't have nearly the number of people signed up that they said would. so they've got to do some 11th hour hail mary move. they're hoping this is it. catastrophic. >> democratic lawmakers pushing the white house to do it and making these announcements on misssives and posts instead of saying, i have a major announcement, but...

That's mere months away. what's got sebelius slammed today as she told the panel the website's hub has worked beautifully. that's her quote. here a few highlights from the hearing today. >> the hub has worked beautifully from start to finish. >> look, you've testified this morning that there is -- people cannot actually make their payment now when they go on healthcare.gov. >> no, that's not accurate, sir. i said a lot of people haven't yet made their payment. the payment isn't due. >> will you admit they will have a higher premium? >> no, i do not. i think what a lot of actuaries will tell yo...

>> these are difficult issues. i think conservatives, part of what they believe is the core of obama care is the mandate you have to do something. warrant one way or the other is going to try to mandate you do something for your own good. that's the belief. still a question about whether they can really carry that off. that is the great uncertainty that's surrounding us. >> white house briefing started. lets listen to baa bit of jay carney discussing this and we'll be right back. >> you have actuaries saying -- because they are not taking into account what hhs will be able to do? is that what ...

Savings is coming true. how so? we have seen reports of premiums up 40, 41% on average. >> remember, there was an increase in premiums that was going on in the economy beforehand. what the president said was he believed he would reduce the rate of increases to that relative of what was expected. the savings would be about $2500 per family. if you look not at my data but the data ha the actuaries and the department of health and human services put out or that the congressional budget office puts out, both say by a couple of years from now, their guess is that total spending per family will be 2...