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Able to get insurance. >> larry: and that same thing could be done nationally? >> my preference is for states to be able to have the authority that exists under the constitution to create their own plans to get everybody insured in the way they think is best instead of a one size fits all federal plan that costs a half trillion in federal taxes, and oh, by the way is going to cut medicare by half a trillion. why should america's seniors in medicare advantage, the private side of medicare have to take a cut in their benefits in order to pass this advantage? >> larry: you agree we have a health ...

Federal plan that costs a half trillion in federal taxes, and oh, by the way is going to cut medicare by half a trillion. why should america's seniors in medicare advantage, the private side of medicare have to take a cut in their benefits in order to pass this advantage? >> larry: you agree we have a health care problem in america? >> oh, sure. and republicans are in favor of health care reform. just not one that is attached with cuts to medicare and huge taxes. >> larry: we have another excerpt from the president's remarks. this one is about insurance companies. watch. >> this year, insuranc...

They won't be able to place lifetime limits or restrictive annual limits on the amount of care they can receive. this year -- this year all new insurance plans will be required to offer free preventive care, and this year young adults will be able to say on their parents' policies until they're 26 years old. that happens this year. this legislation will also lower costs for families and for businesses and for the federal government, reducing our deficit by over $1 trillion in the next 2 decades. it is paid for. it is fiscally responsible, and it will help lift a decades-long drag on our econom...

And these are the high-risk pools allowing people to get health care insurance when they, you know, when this goes into effect 90 days after it's implemented. that will be funded in part by the federal government. i think $5 billion is what we're hearing as well. also other things, banning restrictions on how much insurance can pay somebody or pay for health care costs. then there are these limit, lifetime limits and annual limits and lifetime limits will be banned and they'll be tightly restricted and they'll determine exactly what that means. the pre-existing conditions thing for children, w...

They won't be able to place lifetime limits or restrictive annual limits on the amount of care they can receive. this year all new insurance plans will be required to offer free preventive care. and this year young adults will be able to stay on their parents' policies until they are 26 years old. that happens this year. [ applause ] and this year, seniors who fall in the coverage gap known as the doughnut hole will start getting help. they will receive $250 to help pay for prescriptions. and that will over time fill in the doughnut hole. despite what some have said, these will not cut your gu...