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geico. fifteen minutes could save you...well, you know. forget logging in. just try paying up. now folks who want to enroll can't pay, and the folks who don't want to enroll, they're going to pay. i think that would be you. to fox business.com's kate rogers with more. >> the people here who are signing up online, they have to realize what is important, even though you're selecting a plan, just because you selected it, doesn't mean you're necessarily paying for it. the enrollment process ends once you paid your monthly premium and selecting a plan doesn't mean you're making that payment. >> okay, so, then, bottom line, someone is going to be surprised. so, even i you get as far as getting up and signing up and all that, do you count if there is no money exchange? if there is no visa card number given to secure that plan? >> well, hhs and cmf are
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you're going to get hit? >> cash flow is a problem. >> got it already. million0s of people know this already and it only gets worse as this spreads next year if it goes forward. >> i think you're using this as an excuse to tell your family, you're going to go cheap on them this year. people who don't know you -- and we all love you here -- you are cheap. so you're looking at this as an excuse not to spend money on them, even though fox itself has quite a generous plan. >> i object to the word cheap. i am thrifty. it is a virtue, neil, which perhaps you should -- >> touché, my final guest. you know, i tell people you're from brooklyn and just parlay this british thing. what you're saying is that is it psychological -- this is real and if you're going to have other few hundred dollars less out a mock, that's a few hundred tread dollars off whatever the
this is where people get mad, that you at any time get to the little asterisk that you could end up losing your coverage or paying more for it.at any time little asterisk that you could end up losing your coverage or paying more for it. >> i guess i disagree because we talked about the plans. remember there was a bronze, the gold, the silver plan. each plan had to have a basic -- >> but no one said your policy would be dropped. >> if you can't -- if you're the insurance company and you don't put forth a policy that has the basic human requirements for proper health care -- >> i know he what you're saying now. we said it then, it was unrealistic. but do you think in retrospect this was sold with a wink and a nod and the president fullpulle fast one? >> no. >> did he lie back then or did he just not say that?
counting those people in the overall enrollment pool, people who are actually signing up. but doesn't mean they're actually enrolled. again, enrollment ends once you play the monthly premium. so you select your plan. they're spore -- they're supposed to inform the insurance company and they bill. so it's between the consumer and the insurance company to make the payment. >> here's what worries me. a lot of administrative hands. you have aetna and the government and the exchanges, that's a description for disaster. >> it is. we're hearing you need to have paid your premium by december 15th in order to have coverage by january 1st and if you don't there could be a gap in your coverage there. so, if i were a consumer and i know i need health care by january 1 income, i would sign up today. you can't trust that the government and the insurance companies are going to take the proper action here, and actually send you that bill because your
the math doesn't add up and you're a bright guy but i'm not the sharpest tool in the shed but i can do basic math. now we have a law that is puttinger and out -- sputtering and is it of control. is wall street saying this isn't a problem or actually happy that it is? >> wall street eventually is going toy sacker this is going to prove once and for all that these big giant government programs don't work. we saw it with fannie mae and freddie mac, amtrak, problems we just about eave enterprise, but we kept getting bigger and bigger as a government, whether at it the nsa or now this healthcare plan. if this fails it may push is back to more private sector resolutions to these things and that could be a good thing. >> i don't know. i had the architect of this plan on fox business tonight, and his premise is this, warts and all it's going to survive, and he
>> with transparency and conditionability? >> without backroom deals and struck behind closed doors? hidden from the people? you can't. >> we are in the middle of a drama that could go on and on and on and on and on. there he goes. 216 votes. the biggest and most expensive government initiative since at least the new teal. >> trillion dollar healthcare plan becomes the law of the land. the president signing on to make history. >> on a grandscale this is as big as it gets. >> that was then. where are we now? from sausage making to the law of the land, we were there each and every step of the way. so, what was this guy up to? with us now the former michigan congressman who put it over the top. with me now. do you ever regret that vote
time if you like your doctor, you can keep your doctor, if you like your health plan, you can keep your health plan. it seems now in retrospect a lot of your colleagues knew that was impossible. >> well, most people can keep their health insurance. it's really up to their employer whether or not they will keep it. what the president was saying, you can no longer have your insurance policy rescinded or terminated by the insurance companies. you can no longer go bankrupt. you have to have a basic essential plan. every understood at least the legislators understood that there would be a basic plan that must have the essential elements. >> you're right. you said you can't have pre-existing conditions, get rid of the caps. a lot of very nice things. but to assume that it would not cost was at best i covered it at the time disinagagenuousdisinge.
now that prices are coming back. what is your temperment when it comes to stock? the traditional argument is plan for the long haul and you'll be richly rewarded. >> never become emotional about the stock market. that's a mistake people make. just like you said. they get giddy and then depressed and when you're emotional you make emotional decisions, and those are usually bad decisions. >> what does that mean? what do you regret. >> one of the most popular questions, how do you protect your money? if you want to keep your money safe, cash out, get a safe and put it in your house and get an alarm system, a big dog and a gun. there's no way to keep your money safe all the time. you have to be smart and spread your money around so if you take a hit in one area, you can cover yourself in another area. that's the only thing that makes sense. most traditional people who advise you say 60% stocks, 40% bond, and a mix of other things
annual deficits right now. this is proof that we really need a really major revolutionary bottom up look at what the role of government is and what it isn't. and why are we spending money on all these things that government really has no business doing? rand paul -- megyn: that is already starting to become the talking point for some on the right, rob. now it's like the sign my mom put on our kitchen cupboards when i was growing up, lack of planning on your part does not justify an emergency on my part. and the response you're hearing from people like chris is, you know, you, barack obama went and spent 800 billion on the stimulus and you pushed through a trillion dollar healthcare plan. you did all these things. now you say there is a debt emergency and i have to lose my mortgage deduction over it. and you say what, rob. >> barack obama did spend that money but it was money that was forced to be spent on account he