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Detailed text transcripts for TV channel - MSNBC - 20170312:18:11:00

The cost of the coverage increases. so they have pegged it to age. there is an opportunity to put some means testing in there, but that s not the most that s not the correlation factor to what it actually costs. age is the thing that correlates best. but age is also i mean, this is also and this is a part of obamacare that didn t work, which is to try to get as many young people on the system. they needed 40% of folks under 35 in the system to keep premiums down. how do you do it? how does it do it here? because this system seems to say to say to folks under 35, don t worry about it. if you want to get health care, we won t make you do it. and that only increases premiums for older folks, does it not? we say to that 30, 35-year-old individual, you know that you need health coverage. what we re going to do is provide you a system that allows you an array of choices that you can choice the coverage plan that works best for you and your ....

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Detailed text transcripts for TV channel - MSNBC - 20170312:18:10:00

where i had it completely related to income and became convinced by the folks who do this on a day in and day out basis that the most predictive element of an individual s life in terms of what health coverage may cost is not income, it s age. as your age increase, your health care costs increase and the cost of the coverage increases. so they have pegged it to age. there is an opportunity to put some means testing in there, but that s not the most that s not the correlation factor to what it actually costs. age is the thing that correlates best. but age is also i mean, this is also and this is a part of obamacare that didn t work, which is to try to get as many young people on the system. they needed 40% of folks under 35 in the system to keep premiums down. how do you do it? how does it do it here? because this system seems to say to say to folks under 35, don t worry about it. if you want to get health care, ....

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Detailed text transcripts for TV channel - MSNBC - 20170312:23:10:00

He or she wants and they ll provide decreasing costs and choices for folks you make it so the system can be responsive to that individual. that s the way you drive down costs. why not means test the tax credits? why do it by age where you may essentially have it where you re incentivizing folks not to buy health insurance until they actually need it? it s a great question. in fact, i ve been working on this for so long i ve gone through the phase where i ve had it completely related to income and became convinced by the folks who do this on a day-to-day basis, day in and day out basis, that the most predictive element of an individual s life in terms of what health coverage will cost is not income and it makes sense, it s age. as your age increases your health care costs increase and the cost of the coverage increases. so they ve pegged it to age. there s an opportunity to put some means testing in there, but that s not the most that s not the correlation factor to what it actual ....

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