1 00:00:00,000 --> 00:00:01,535 OF 2 00:00:01,535 --> 00:00:02,836 GETTING. 3 00:00:02,836 --> 00:00:03,437 >> PARIS, THANK YOU. 4 00:00:03,437 --> 00:00:05,172 >> AND YOU CAN VISIT 5 00:00:05,172 --> 00:00:05,472 OUR 6 00:00:05,472 --> 00:00:06,373 WEBSITE 7 00:00:06,373 --> 00:00:07,774 ABOUT YOUR 8 00:00:07,774 --> 00:00:14,047 SEVERE WEATHER FOE 9 00:00:14,047 --> 00:00:14,515 PHOTOS. 10 00:00:14,515 --> 00:00:15,215 >>> THE AFFORDABLE CARE ACT IS 11 00:00:15,215 --> 00:00:16,450 UNDER FIRE FROM BOTH SIDES OF 12 00:00:16,450 --> 00:00:17,784 THE POLITICAL 13 00:00:17,784 --> 00:00:18,252 AISLE AND 14 00:00:18,252 --> 00:00:19,720 PRESIDENT OBAMA APOLOGIZED 15 00:00:19,720 --> 00:00:20,454 FOR 16 00:00:20,454 --> 00:00:21,722 THE BOTCH ROLL 17 00:00:21,722 --> 00:00:22,389 OUT AND PLEDGED 18 00:00:22,389 --> 00:00:23,524 TO CORRECT THE PROBLEM 19 00:00:23,524 --> 00:00:24,324 BUT 20 00:00:24,324 --> 00:00:25,392 CONFUSION STILL 21 00:00:25,392 --> 00:00:26,293 SEEMS TO 22 00:00:26,293 --> 00:00:26,660 ABOUND. 23 00:00:26,660 --> 00:00:27,694 YOU NOW KEEP 24 00:00:27,694 --> 00:00:28,395 YOUR HEALTH 25 00:00:28,395 --> 00:00:29,563 INSURANCE POLICY EVEN IF YOU 26 00:00:29,563 --> 00:00:30,397 WERE S 27 00:00:30,397 --> 00:00:31,698 ENT TO CANCELLATION 28 00:00:31,698 --> 00:00:32,466 LETTER 29 00:00:32,466 --> 00:00:33,800 AND IF THINGS DON'T 30 00:00:33,800 --> 00:00:34,368 IMPROVE, 31 00:00:34,368 --> 00:00:39,206 COULD LAWMAKERS 32 00:00:39,206 --> 00:00:40,941 ACTUALLY REPEAL 33 00:00:40,941 --> 00:00:41,308 OBAMACARE? 34 00:00:41,308 --> 00:00:42,543 HERE SUE KLINKHAMER IS THE 35 00:00:42,543 --> 00:00:44,411 FORMER SAID TO BILL FOSTER WHO 36 00:00:44,411 --> 00:00:45,245 WORKED 37 00:00:45,245 --> 00:00:46,079 ON THE AFFORDABLE CARE 38 00:00:46,079 --> 00:00:47,714 ACT AND ONE WHO RECENTLY GOT A 39 00:00:47,714 --> 00:00:48,882 ELECTRICITY FROM HER 40 00:00:48,882 --> 00:00:49,616 INSURER, 41 00:00:49,616 --> 00:00:50,517 BLUE 42 00:00:50,517 --> 00:00:51,151 CROSS-BLUE SHIELD WARNING 43 00:00:51,151 --> 00:00:54,821 OF CANCEL EIGHTS OF HER 44 00:00:54,821 --> 00:00:55,255 POLICY. 45 00:00:55,255 --> 00:00:57,057 AND BRUCE JASPEN IS THE 46 00:00:57,057 --> 00:00:59,927 CONTRIBUTOR TO INN 47 00:00:59,927 --> 00:01:00,894 ORBES AND 48 00:01:00,894 --> 00:01:02,829 ANTHONY LeSASSO FROM THE 49 00:01:02,829 --> 00:01:03,530 UNIVERSITY OF 50 00:01:03,530 --> 00:01:04,131 ILLINOIS. 51 00:01:04,131 --> 00:01:05,132 WELCOME ALL 52 00:01:05,132 --> 00:01:08,101 OF YOU. 53 00:01:08,101 --> 00:01:09,570 SUE KLINKHAMER, LET 54 00:01:09,570 --> 00:01:10,337 ME READ AN 55 00:01:10,337 --> 00:01:11,405 EMAIL YOU SENT. 56 00:01:11,405 --> 00:01:12,206 IN 57 00:01:12,206 --> 00:01:13,440 PART IT READ I 58 00:01:13,440 --> 00:01:14,741 SPEND TWO 59 00:01:14,741 --> 00:01:15,609 YEARS DEFENDING 60 00:01:15,609 --> 00:01:16,743 OBAMACARE, I HAD 61 00:01:16,743 --> 00:01:17,811 CONSTITUENTS CALL ME NAMES THAT 62 00:01:17,811 --> 00:01:19,580 I CAN'T PUT 63 00:01:19,580 --> 00:01:21,148 IN 64 00:01:21,148 --> 00:01:21,949 PRINT. 65 00:01:21,949 --> 00:01:23,150 THE CONGRESSMAN WAS NOT 66 00:01:23,150 --> 00:01:24,785 REELECTED BECAUSE OF 67 00:01:24,785 --> 00:01:25,552 THE 68 00:01:25,552 --> 00:01:26,086 ANESTHESIOLOGISTER. 69 00:01:26,086 --> 00:01:27,054 WHEN GRANDSONMAN FOSTER WAS NOT 70 00:01:27,054 --> 00:01:28,288 RE-ELECTED, I ALSO WITH THE REST 71 00:01:28,288 --> 00:01:29,756 OF OUR STAFF LOST MY JOB. 72 00:01:29,756 --> 00:01:30,724 I WAS 73 00:01:30,724 --> 00:01:32,025 UPSET BUT BECAUSE 74 00:01:32,025 --> 00:01:32,659 OF THE 75 00:01:32,659 --> 00:01:34,428 HEALTHCARE ISSUE I DIDN'T HAVE A 76 00:01:34,428 --> 00:01:35,429 JOB BUT STILL 77 00:01:35,429 --> 00:01:36,263 DEFENDED OBAMACARE 78 00:01:36,263 --> 00:01:37,231 BECAUSE IT 79 00:01:37,231 --> 00:01:38,298 WOULD MAKE HEALTHCARE 80 00:01:38,298 --> 00:01:39,766 AVAILABLE TO EVERYONE AT WHAT I 81 00:01:39,766 --> 00:01:41,502 ASSUMED WOULD BE AN AFFORDABLE 82 00:01:41,502 --> 00:01:41,802 PRICE. 83 00:01:41,802 --> 00:01:42,903 I HAVE NOW LEARNED 84 00:01:42,903 --> 00:01:43,737 I WAS 85 00:01:43,737 --> 00:01:44,071 WRONG, 86 00:01:44,071 --> 00:01:45,138 VERY WRONG. 87 00:01:45,138 --> 00:01:46,507 >> TELL US HOW YOU LEARNED YOU 88 00:01:46,507 --> 00:01:48,642 WERE WRONG. 89 00:01:48,642 --> 00:01:50,511 >> WELL, I ASSUMED 90 00:01:50,511 --> 00:01:51,245 THAT WHEN 91 00:01:51,245 --> 00:01:52,679 MY 92 00:01:52,679 --> 00:01:53,180 HEALTH INSURANCE 93 00:01:53,180 --> 00:01:54,381 WOULD HAVE TO 94 00:01:54,381 --> 00:01:56,483 RENEW IN 95 00:01:56,483 --> 00:01:57,050 MARCHCH 2014, I 96 00:01:57,050 --> 00:01:57,484 WOULD 97 00:01:57,484 --> 00:01:58,652 GET A REGULAR LETTER 98 00:01:58,652 --> 00:01:59,353 BUT AROUND 99 00:01:59,353 --> 00:02:00,687 THE FIRST OF OCTOBER, I GOT 100 00:02:00,687 --> 00:02:01,321 A 101 00:02:01,321 --> 00:02:02,289 CANCELLATION LETTER AND IT SAID 102 00:02:02,289 --> 00:02:03,490 THAT IT WOULD 103 00:02:03,490 --> 00:02:04,458 BE 104 00:02:04,458 --> 00:02:05,192 DROPPING MY 105 00:02:05,192 --> 00:02:07,794 COVERAGE AS OF 106 00:02:07,794 --> 00:02:08,228 DECEMBER 31. 107 00:02:08,228 --> 00:02:09,730 THEY GAVE ME A COUPLE OF 108 00:02:09,730 --> 00:02:10,063 OPTIONS. 109 00:02:10,063 --> 00:02:11,732 ONE OF THEM WAS IF I WANTED 110 00:02:11,732 --> 00:02:12,399 TO 111 00:02:12,399 --> 00:02:13,634 KEEP THE MORE BENEFITS, I 112 00:02:13,634 --> 00:02:14,101 COULD, 113 00:02:14,101 --> 00:02:17,671 BUT MY PREMIUM WOULD GO 114 00:02:17,671 --> 00:02:17,971 FROM 115 00:02:17,971 --> 00:02:19,640 $291 TO $647. 116 00:02:19,640 --> 00:02:19,973 IF I 117 00:02:19,973 --> 00:02:20,974 WANTED TO KEEP 118 00:02:20,974 --> 00:02:22,509 A SIMILAR 119 00:02:22,509 --> 00:02:23,510 PRICE, WHICH WOULD PUT 120 00:02:23,510 --> 00:02:24,611 IT 121 00:02:24,611 --> 00:02:25,112 TO 122 00:02:25,112 --> 00:02:26,380 $322, 123 00:02:26,380 --> 00:02:26,680 I 124 00:02:26,680 --> 00:02:27,981 COULD 125 00:02:27,981 --> 00:02:28,615 DO 126 00:02:28,615 --> 00:02:29,650 THAT 127 00:02:29,650 --> 00:02:30,117 WITH 128 00:02:30,117 --> 00:02:31,818 SIMILAR BASIC COVERAGE BUT 129 00:02:31,818 --> 00:02:32,219 MY 130 00:02:32,219 --> 00:02:33,587 DEDUCTIBLE WOULD GO UP 131 00:02:33,587 --> 00:02:34,588 FROM 2500 132 00:02:34,588 --> 00:02:36,757 TO 6500. 133 00:02:36,757 --> 00:02:37,524 SO 134 00:02:37,524 --> 00:02:39,593 I HAD 135 00:02:39,593 --> 00:02:40,194 BEEN 136 00:02:40,194 --> 00:02:41,261 TELLING PEOPLE ALL 137 00:02:41,261 --> 00:02:42,329 ALONG WHEN I 138 00:02:42,329 --> 00:02:44,598 WAS IN THE 139 00:02:44,598 --> 00:02:45,232 CONGRESSMAN'S OFFICE THAT 140 00:02:45,232 --> 00:02:46,433 OBAMACARE WAS A GOOD 141 00:02:46,433 --> 00:02:46,767 THING. 142 00:02:46,767 --> 00:02:47,868 EVERYBODY GETS 143 00:02:47,868 --> 00:02:49,870 TO KEEP WHAT 144 00:02:49,870 --> 00:02:50,337 THEY 145 00:02:50,337 --> 00:02:51,805 HAVE AND IT WOULD JUST BE FOR 146 00:02:51,805 --> 00:02:53,340 PEOPLE WHO HAVE PREEXISTING 147 00:02:53,340 --> 00:02:54,408 CONDITIONS 148 00:02:54,408 --> 00:02:55,542 THAT COULDN'T GET 149 00:02:55,542 --> 00:02:56,743 COVERAGE, WHICH WAS A GREAT 150 00:02:56,743 --> 00:02:57,644 THING, THAT THEY WOULD BE ABLE 151 00:02:57,644 --> 00:02:58,445 TO GET IT. 152 00:02:58,445 --> 00:03:00,547 I DIDN'T THINK THAT BEING ON 153 00:03:00,547 --> 00:03:01,381 THE 154 00:03:01,381 --> 00:03:02,449 OPEN MARKET MEANT I WOULD BE 155 00:03:02,449 --> 00:03:03,750 PART OF 156 00:03:03,750 --> 00:03:04,117 TO 157 00:03:04,117 --> 00:03:05,385 THAT GROUP AND 158 00:03:05,385 --> 00:03:06,053 I'M 159 00:03:06,053 --> 00:03:07,621 ALSO VERY UPSET BECAUSE NOW I 160 00:03:07,621 --> 00:03:08,956 KEEP HEARING MY POLICY REFERRED 161 00:03:08,956 --> 00:03:10,724 TO AS A JUNK 162 00:03:10,724 --> 00:03:13,460 POLICY 163 00:03:13,460 --> 00:03:13,961 OR 164 00:03:13,961 --> 00:03:16,430 SUBSTANDARD AND THAT'S A 165 00:03:16,430 --> 00:03:16,864 TALKING 166 00:03:16,864 --> 00:03:18,665 POINT THAT'S COMING OUT OF THE 167 00:03:18,665 --> 00:03:19,666 DEMOCRATS, OF WHICH I 168 00:03:19,666 --> 00:03:20,567 AM ONE. 169 00:03:20,567 --> 00:03:21,668 AGAIN, I WANT 170 00:03:21,668 --> 00:03:22,870 THIS TO SUCCEED 171 00:03:22,870 --> 00:03:24,404 BUT I DON'T WANT TO HEAR NOW I 172 00:03:24,404 --> 00:03:25,439 HAD A BAD 173 00:03:25,439 --> 00:03:27,140 POLICY FOR ALL 174 00:03:27,140 --> 00:03:27,741 THAT 175 00:03:27,741 --> 00:03:28,942 TIME WHEN I WAS ONE 176 00:03:28,942 --> 00:03:31,812 OF 177 00:03:31,812 --> 00:03:32,279 THOSE 178 00:03:32,279 --> 00:03:33,847 PEOPLE THAT LOOK AT THIS 179 00:03:33,847 --> 00:03:34,314 ISSUE 180 00:03:34,314 --> 00:03:36,083 AND SAY IT'S ONLY 5% OF THE 181 00:03:36,083 --> 00:03:37,451 POPULATION AND THEN THEY 182 00:03:37,451 --> 00:03:38,485 ASSUME 183 00:03:38,485 --> 00:03:39,253 IT'S 5% 184 00:03:39,253 --> 00:03:40,153 THAT 185 00:03:40,153 --> 00:03:41,622 MEANS WERE 186 00:03:41,622 --> 00:03:42,222 WETY, 187 00:03:42,222 --> 00:03:42,890 NOT UNEMPLOYED. 188 00:03:42,890 --> 00:03:44,391 THAT'S WHY WE'RE ON THE OPEN 189 00:03:44,391 --> 00:03:45,559 MARKET, BECAUSE WE DON'T 190 00:03:45,559 --> 00:03:45,993 HAVE 191 00:03:45,993 --> 00:03:47,194 ASSESS TO HEALTHCARE FROM 192 00:03:47,194 --> 00:03:48,195 AN 193 00:03:48,195 --> 00:03:48,662 EMPLOYER. 194 00:03:48,662 --> 00:03:49,796 >> THE IRONY HERE 195 00:03:49,796 --> 00:03:50,697 IS YOU'RE 196 00:03:50,697 --> 00:03:51,198 A 197 00:03:51,198 --> 00:03:52,399 FORMER SUBURBAN 198 00:03:52,399 --> 00:03:52,933 MAYOR. 199 00:03:52,933 --> 00:03:54,368 YOU WERE A 200 00:03:54,368 --> 00:03:55,302 LOBBYIST FOR MAYOR 201 00:03:55,302 --> 00:03:56,203 DALEY IN 202 00:03:56,203 --> 00:03:56,603 WASHINGTON. 203 00:03:56,603 --> 00:03:57,671 YOU WORKED FOR 204 00:03:57,671 --> 00:03:58,605 CONGRESSMAN BILL 205 00:03:58,605 --> 00:03:59,806 FOSTER SO ONE WOULD PRESUME YOU 206 00:03:59,806 --> 00:04:01,475 ARE NOT A 207 00:04:01,475 --> 00:04:03,076 NEOPHYTE 208 00:04:03,076 --> 00:04:04,111 TO THE 209 00:04:04,111 --> 00:04:05,412 LEGISLATIVE PROCESS OR TO 210 00:04:05,412 --> 00:04:06,780 POLICIES IF GENERAL, RIGHT? 211 00:04:06,780 --> 00:04:08,282 >> PLUS I WORKED FOR 212 00:04:08,282 --> 00:04:08,982 AN 213 00:04:08,982 --> 00:04:10,017 INSURANCE BROKER FOR YEARS SO I 214 00:04:10,017 --> 00:04:11,451 KNOW A LOT ABOUT HEALTHCARE, 215 00:04:11,451 --> 00:04:11,785 TOO. 216 00:04:11,785 --> 00:04:12,819 >> SO YOU DIDN'T SEE THIS 217 00:04:12,819 --> 00:04:13,220 COMING? 218 00:04:13,220 --> 00:04:14,054 >> NO, I DIDN'T. 219 00:04:14,054 --> 00:04:15,355 I DID NOT SEE GETTING 220 00:04:15,355 --> 00:04:16,823 A LETTER 221 00:04:16,823 --> 00:04:17,891 FROM 222 00:04:17,891 --> 00:04:18,992 BLUE CROSS UNTIL 223 00:04:18,992 --> 00:04:19,726 MAYBE 224 00:04:19,726 --> 00:04:21,195 JANUARY THAT WOULD 225 00:04:21,195 --> 00:04:21,628 SAY, 226 00:04:21,628 --> 00:04:22,796 COME 227 00:04:22,796 --> 00:04:24,031 MARCH, 228 00:04:24,031 --> 00:04:25,699 LET'S NEGOTIATE AGAIN 229 00:04:25,699 --> 00:04:26,900 LIKE WE DO EVERY YEAR 230 00:04:26,900 --> 00:04:27,901 IN MARCH. 231 00:04:27,901 --> 00:04:29,136 >> BRUCE JASPEN, FROM THE 232 00:04:29,136 --> 00:04:30,604 STANDPOINT OF REPORTING THIS 233 00:04:30,604 --> 00:04:32,406 STORY, IN THE BEGINNING 234 00:04:32,406 --> 00:04:32,606 OF 235 00:04:32,606 --> 00:04:33,106 THE 236 00:04:33,106 --> 00:04:34,174 ADMINISTRATION SAID THERE ARE 237 00:04:34,174 --> 00:04:35,142 VERY FEW 238 00:04:35,142 --> 00:04:36,109 PROBLEMS AND THEN 239 00:04:36,109 --> 00:04:37,044 THEY 240 00:04:37,044 --> 00:04:39,313 HAVE GROWN INTO AN 241 00:04:39,313 --> 00:04:44,685 AVALANCHE OF 242 00:04:44,685 --> 00:04:45,519 ACKNOWLEDGEMENT OF PROBLEM. 243 00:04:45,519 --> 00:04:46,720 HOW MANY PEOPLE ARE IN 244 00:04:46,720 --> 00:04:47,487 THIS? 245 00:04:47,487 --> 00:04:48,655 >> I WOULD SAY 246 00:04:48,655 --> 00:04:49,623 THERE 247 00:04:49,623 --> 00:04:50,858 ARE -- NOT 248 00:04:50,858 --> 00:04:51,692 TO DISCOUNT WHAT SHE'S SAYING, 249 00:04:51,692 --> 00:04:52,593 IT IS 250 00:04:52,593 --> 00:04:53,727 A SMALL 251 00:04:53,727 --> 00:04:54,528 NUMBER, MAYBE 252 00:04:54,528 --> 00:04:55,362 3% 253 00:04:55,362 --> 00:04:56,330 TO 5% ACROSS 254 00:04:56,330 --> 00:04:57,364 THE COUNTRY OR 255 00:04:57,364 --> 00:04:57,865 FOUR 256 00:04:57,865 --> 00:04:59,366 TO FIVE MILLION 257 00:04:59,366 --> 00:04:59,700 PEOPLE. 258 00:04:59,700 --> 00:05:01,034 NOT EVERYBODY IS GOING 259 00:05:01,034 --> 00:05:02,269 TO 260 00:05:02,269 --> 00:05:02,870 GET 261 00:05:02,870 --> 00:05:03,737 THE -- THEY'RE GETTING 262 00:05:03,737 --> 00:05:04,872 RICHER 263 00:05:04,872 --> 00:05:07,174 BENEFITS ON THE EXCHANGES. 264 00:05:07,174 --> 00:05:10,844 THE EC CHANGE 265 00:05:10,844 --> 00:05:11,111 TO 266 00:05:11,111 --> 00:05:12,145 PARTICIPATE YOU 267 00:05:12,145 --> 00:05:12,913 HAVE TO HAVE 268 00:05:12,913 --> 00:05:13,447 EXCHANGE BENEFITS. 269 00:05:13,447 --> 00:05:15,449 IF YOU DON'T HAVE ANY MENTAL 270 00:05:15,449 --> 00:05:16,650 PROBLEMS, YOU'LL GET 271 00:05:16,650 --> 00:05:17,017 MENTAL 272 00:05:17,017 --> 00:05:17,751 HEALTH COVERAGE WHETHER YOU WANT 273 00:05:17,751 --> 00:05:19,253 IT OR NOT. 274 00:05:19,253 --> 00:05:20,053 MATERNITY COVERAGE, THAT 275 00:05:20,053 --> 00:05:20,787 WILL 276 00:05:20,787 --> 00:05:21,755 MAKE IT MORE 277 00:05:21,755 --> 00:05:23,090 EXPENSIVE THAN WHAT 278 00:05:23,090 --> 00:05:24,091 PEOPLE HAVE. 279 00:05:24,091 --> 00:05:25,692 THAT'S WHY THE COSTS ARE GOING 280 00:05:25,692 --> 00:05:25,993 UP. 281 00:05:25,993 --> 00:05:27,060 SOME PEOPLE'S COSTS 282 00:05:27,060 --> 00:05:28,128 WILL GO DOWN 283 00:05:28,128 --> 00:05:29,096 AND SO THE 284 00:05:29,096 --> 00:05:30,430 GOOD NEWS IS, PEOPLE 285 00:05:30,430 --> 00:05:31,665 ARE GOING TO HAVE 286 00:05:31,665 --> 00:05:32,199 ACCESS WHEN 287 00:05:32,199 --> 00:05:33,267 THE WEBSITE IS 288 00:05:33,267 --> 00:05:34,067 FIXED 289 00:05:34,067 --> 00:05:34,801 TO A 290 00:05:34,801 --> 00:05:35,936 PRIVATE HEALTH INSURANCE PLAN. 291 00:05:35,936 --> 00:05:37,604 THE BAD NEWS IS PEOPLE WILL GET 292 00:05:37,604 --> 00:05:38,805 ACCESS TO A PRIVATE HEALTH 293 00:05:38,805 --> 00:05:41,508 INSURANCE PLAN. 294 00:05:41,508 --> 00:05:42,342 THIS 295 00:05:42,342 --> 00:05:43,377 IS -- IT'S ALWAYS 296 00:05:43,377 --> 00:05:44,511 GOING 297 00:05:44,511 --> 00:05:45,112 TO 298 00:05:45,112 --> 00:05:46,513 STAY PROBLEMATIC BUT WHEN YOU 299 00:05:46,513 --> 00:05:47,681 ARE GETTING PRIVATE 300 00:05:47,681 --> 00:05:49,416 COMPANIES 301 00:05:49,416 --> 00:05:49,950 INVOLVED 302 00:05:49,950 --> 00:05:50,918 HERE, 303 00:05:50,918 --> 00:05:51,485 COST 304 00:05:51,485 --> 00:05:51,885 FLUCTUATES 305 00:05:51,885 --> 00:05:53,420 AND THEY GO UP AND DOWN TO 306 00:05:53,420 --> 00:05:54,955 WELCOME TO THE PRIVATE INSURANCE 307 00:05:54,955 --> 00:05:55,355 MARKET. 308 00:05:55,355 --> 00:05:56,390 >> BUT AT 309 00:05:56,390 --> 00:05:57,090 THE 310 00:05:57,090 --> 00:05:58,692 SAME 311 00:05:58,692 --> 00:05:59,526 TIME, ANTHONY 312 00:05:59,526 --> 00:06:00,928 LeSASSO, WE KNEW THIS WAS A 313 00:06:00,928 --> 00:06:02,296 PRIVATE INSURANCE, WE KNEW THIS 314 00:06:02,296 --> 00:06:03,297 WAS A SINGLE 315 00:06:03,297 --> 00:06:04,431 PAYER SYSTEM. 316 00:06:04,431 --> 00:06:05,933 SO 317 00:06:05,933 --> 00:06:09,203 ARE THESE P YOUR 318 00:06:09,203 --> 00:06:09,770 VIEW, 319 00:06:09,770 --> 00:06:10,904 SURPRISES OR NOT? 320 00:06:10,904 --> 00:06:11,939 >> I THINK THE SURPRISING PART 321 00:06:11,939 --> 00:06:13,307 WAS THAT THERE WAS A 322 00:06:13,307 --> 00:06:13,841 CLEARLY A 323 00:06:13,841 --> 00:06:15,175 DECISION MADE 324 00:06:15,175 --> 00:06:16,944 IN 325 00:06:16,944 --> 00:06:19,079 THE 326 00:06:19,079 --> 00:06:19,613 ADMINISTRATION THAT 327 00:06:19,613 --> 00:06:20,480 GRANDFATHERING THE IF YOU LIKE 328 00:06:20,480 --> 00:06:21,715 YOUR LAND YOU CAN KEEP 329 00:06:21,715 --> 00:06:22,249 IT WHERE 330 00:06:22,249 --> 00:06:23,383 IT HAD TO DO WITH 331 00:06:23,383 --> 00:06:24,351 THE SLID 332 00:06:24,351 --> 00:06:25,953 MARKET, WAS JUST NOT GOING TO BE 333 00:06:25,953 --> 00:06:26,286 ALLOWED. 334 00:06:26,286 --> 00:06:27,221 I MEAN, I 335 00:06:27,221 --> 00:06:28,222 CAN VIEW IT 336 00:06:28,222 --> 00:06:29,723 ANOTHER 337 00:06:29,723 --> 00:06:29,990 WAY. 338 00:06:29,990 --> 00:06:31,558 IT WAS 5% OF THE 339 00:06:31,558 --> 00:06:32,593 POPULATION. 340 00:06:32,593 --> 00:06:33,427 5% IS 341 00:06:33,427 --> 00:06:34,194 ABOUT 15 MILLION PEOPLE. 342 00:06:34,194 --> 00:06:35,829 THAT'S A LOT OF THE PEOPLE AND A 343 00:06:35,829 --> 00:06:37,030 DECISION WAS MADE TO SAY, 344 00:06:37,030 --> 00:06:37,497 WELL, 345 00:06:37,497 --> 00:06:39,333 PEOPLE WHO ARE 346 00:06:39,333 --> 00:06:39,800 BUYING THEIR 347 00:06:39,800 --> 00:06:40,667 HEALTHCARE POLICIES IN THE 348 00:06:40,667 --> 00:06:42,336 INDIVIDUAL MARKETS WILL BE 349 00:06:42,336 --> 00:06:44,838 HEALTHIER THAN AVERAGE. 350 00:06:44,838 --> 00:06:45,072 AND THE 351 00:06:45,072 --> 00:06:46,006 GRANDFATHERING PROVISION 352 00:06:46,006 --> 00:06:47,374 WAS WRITTEN IN SUCH 353 00:06:47,374 --> 00:06:47,774 A STRICT 354 00:06:47,774 --> 00:06:50,010 MANNER THAT VERY FEW OF THOSE 355 00:06:50,010 --> 00:06:53,380 POLICIES COULD BE 356 00:06:53,380 --> 00:06:54,047 MAINTAINED. 357 00:06:54,047 --> 00:06:55,616 OBVIOUSLY SUE'S WAS ONE THAT 358 00:06:55,616 --> 00:06:56,750 WOULD NOT BE MAINTAINED. 359 00:06:56,750 --> 00:06:57,584 THAT'S A LOT OF PEOPLE. 360 00:06:57,584 --> 00:06:58,986 IMPROVE DON'T THINK IT'S A 361 00:06:58,986 --> 00:06:59,686 TRIVIAL NUMBER THAT WE'RE 362 00:06:59,686 --> 00:07:00,821 TALKING ABOUT. 363 00:07:00,821 --> 00:07:02,589 WE'RE TALKING 364 00:07:02,589 --> 00:07:03,090 EIGHT, 10 MILLION 365 00:07:03,090 --> 00:07:04,258 PEOPLE THAT WILL BE 366 00:07:04,258 --> 00:07:04,992 GETTING 367 00:07:04,992 --> 00:07:06,026 CANCELLATION NOTICES. 368 00:07:06,026 --> 00:07:07,661 I THINK AS WE HEARD FROM 369 00:07:07,661 --> 00:07:07,995 SUE, 370 00:07:07,995 --> 00:07:09,696 THIS WASN'T NECESSARILY A JUNK 371 00:07:09,696 --> 00:07:10,030 POLICY. 372 00:07:10,030 --> 00:07:11,265 YOU MEAN SHE PICKED 373 00:07:11,265 --> 00:07:11,665 IT. 374 00:07:11,665 --> 00:07:14,635 SHE MUST HAVE LIKED IT. 375 00:07:14,635 --> 00:07:16,036 AND THE ALTERNATIVE TO THIS IS 376 00:07:16,036 --> 00:07:17,371 THEY WILL BE EXPENSIVE. 377 00:07:17,371 --> 00:07:18,906 >> WE NOW GO TO WHERE WE 378 00:07:18,906 --> 00:07:19,606 ARE, 379 00:07:19,606 --> 00:07:20,774 THE WHITE HOUSE MEETS 380 00:07:20,774 --> 00:07:22,009 WITH ALL 381 00:07:22,009 --> 00:07:23,477 OF THESE 382 00:07:23,477 --> 00:07:24,678 INSURANCE 383 00:07:24,678 --> 00:07:25,145 PROVIDERS. 384 00:07:25,145 --> 00:07:26,313 OUT OF THAT COMES 385 00:07:26,313 --> 00:07:27,881 WHAT, IF WE 386 00:07:27,881 --> 00:07:28,382 KNOW? 387 00:07:28,382 --> 00:07:29,249 >> WELL, 388 00:07:29,249 --> 00:07:30,484 THEY'RE GOING TO -- 389 00:07:30,484 --> 00:07:32,386 FIRST OF ALL, THE PEOPLE WHO ARE 390 00:07:32,386 --> 00:07:33,420 SAYING THAT THIS WILL 391 00:07:33,420 --> 00:07:34,421 BE 392 00:07:34,421 --> 00:07:35,255 REPEOPLED OR 393 00:07:35,255 --> 00:07:36,523 WHATEVER, IT WON'T 394 00:07:36,523 --> 00:07:36,857 HAPPEN. 395 00:07:36,857 --> 00:07:37,858 THEY'RE NOT HEARING ANYBODY FROM 396 00:07:37,858 --> 00:07:38,892 THE INSURANCE INDUSTRY SAYING WE 397 00:07:38,892 --> 00:07:40,294 DON'T WANT TO DO THIS NOW. 398 00:07:40,294 --> 00:07:42,196 WHAT THE INSURANCE 399 00:07:42,196 --> 00:07:42,629 COMPANIES -- 400 00:07:42,629 --> 00:07:44,031 FIRST OF ALL, THE PRESIDENT, 401 00:07:44,031 --> 00:07:45,732 THAT WAS A POLITICAL MOVE ON HIS 402 00:07:45,732 --> 00:07:46,833 PART, THAT WON'T HAPPEN. 403 00:07:46,833 --> 00:07:48,235 THE INSURANCE DIRECTORS ACROSS 404 00:07:48,235 --> 00:07:49,503 THE COUNTRY WILL DECIDE 405 00:07:49,503 --> 00:07:50,037 WHETHER 406 00:07:50,037 --> 00:07:51,605 PEOPLE'S POLICIES ARE 407 00:07:51,605 --> 00:07:52,039 CANCELED. 408 00:07:52,039 --> 00:07:53,240 THAT'S IN THE LAW. 409 00:07:53,240 --> 00:07:54,341 ILLINOIS WILL PROBABLY GO ALONG 410 00:07:54,341 --> 00:07:55,676 WITH WHAT THE PRESIDENT WILL DO 411 00:07:55,676 --> 00:07:57,411 AND EXTEND THEM BUT THE HEALTH 412 00:07:57,411 --> 00:07:58,345 INSURANCE COMPANIES 413 00:07:58,345 --> 00:07:59,446 ARE NOT WILD 414 00:07:59,446 --> 00:08:00,747 ABOUT THAT BECAUSE 415 00:08:00,747 --> 00:08:01,715 THEY VIEW 416 00:08:01,715 --> 00:08:02,583 THESE 417 00:08:02,583 --> 00:08:03,717 PEOPLE 418 00:08:03,717 --> 00:08:04,318 AS 419 00:08:04,318 --> 00:08:06,119 HAVING 420 00:08:06,119 --> 00:08:07,020 EMPTIER 421 00:08:07,020 --> 00:08:07,855 BENEFITS BUT THE I 422 00:08:07,855 --> 00:08:08,555 NSURANCE 423 00:08:08,555 --> 00:08:10,090 COMPANIES ARE BUILT IN THE IDEA 424 00:08:10,090 --> 00:08:11,325 THAT THEY WOULD HAVE 425 00:08:11,325 --> 00:08:11,959 RICHER 426 00:08:11,959 --> 00:08:13,126 BENEFITS AND THAT THEY 427 00:08:13,126 --> 00:08:13,727 WOULD BE 428 00:08:13,727 --> 00:08:15,262 MORE PEOPLE PAYING INTO THE POOL 429 00:08:15,262 --> 00:08:18,432 AND THE COST WOULD BE 430 00:08:18,432 --> 00:08:18,799 OPTIONAL. 431 00:08:18,799 --> 00:08:19,833 SO POLICIES WHO 432 00:08:19,833 --> 00:08:20,901 ARE CONTINUED, 433 00:08:20,901 --> 00:08:22,236 IF THE PRESIDENT WILL SAY YOUR 434 00:08:22,236 --> 00:08:23,604 POLICY IS CONTINUED, THE 435 00:08:23,604 --> 00:08:24,071 COSTS 436 00:08:24,071 --> 00:08:25,772 WILL GO UP BECAUSE NOW THE 437 00:08:25,772 --> 00:08:26,740 INSURANCE COMPANIES ALSO 438 00:08:26,740 --> 00:08:27,641 FACE 439 00:08:27,641 --> 00:08:28,942 TAXES TO PAY FOR THIS. 440 00:08:28,942 --> 00:08:29,977 >> HERE IS THE PROBLEM WITH 441 00:08:29,977 --> 00:08:30,277 THAT. 442 00:08:30,277 --> 00:08:33,847 IF 443 00:08:33,847 --> 00:08:34,381 IN TERMS 444 00:08:34,381 --> 00:08:35,315 OF OF HAVING 445 00:08:35,315 --> 00:08:36,450 THIS 446 00:08:36,450 --> 00:08:38,051 MARKET WITH SOME CANCELED 447 00:08:38,051 --> 00:08:39,052 POLICIES TO CONTINUE, 448 00:08:39,052 --> 00:08:39,987 WHO WILL 449 00:08:39,987 --> 00:08:43,357 KEEP THOSE? 450 00:08:43,357 --> 00:08:44,658 GENERALLY 451 00:08:44,658 --> 00:08:46,660 HEALTHIER PEOPLE? 452 00:08:46,660 --> 00:08:47,060 THIS IS 453 00:08:47,060 --> 00:08:48,128 EXACTLY WHAT THE 454 00:08:48,128 --> 00:08:48,829 ADMINISTRATION HAS BEEN TRYING 455 00:08:48,829 --> 00:08:51,131 TO 456 00:08:51,131 --> 00:08:52,633 AVOID, IS 457 00:08:52,633 --> 00:08:54,334 THIS BUY FUR 458 00:08:54,334 --> 00:08:54,801 CASE 459 00:08:54,801 --> 00:08:56,737 OF THE SICK GOING INTO THE 460 00:08:56,737 --> 00:08:57,104 EXCHANGES. 461 00:08:57,104 --> 00:08:58,739 HAVE THINK IS A GREATER RISK NOW 462 00:08:58,739 --> 00:09:00,073 THAN IT WAS AT THE END OF 463 00:09:00,073 --> 00:09:01,375 SEPTEMBER WHEN WE WERE WONDER 464 00:09:01,375 --> 00:09:02,476 WHAT WAS COMING. 465 00:09:02,476 --> 00:09:03,977 >> WHICH APPEARS THAT WOULD 466 00:09:03,977 --> 00:09:05,078 BANKRUPT THE SYSTEM AS OPPOSED 467 00:09:05,078 --> 00:09:05,979 TO ALLOW 468 00:09:05,979 --> 00:09:07,181 THE SYSTEM TO GO 469 00:09:07,181 --> 00:09:10,717 FORWARD. 470 00:09:10,717 --> 00:09:11,685 >> BUT ACROSS HAS ALREADY FOR 471 00:09:11,685 --> 00:09:13,287 THE PAST COUPLE OF YEARS IN 472 00:09:13,287 --> 00:09:14,821 ANTICIPATION OF THIS HAS ADDED A 473 00:09:14,821 --> 00:09:16,290 LOT OF THESE ESSENTIAL 474 00:09:16,290 --> 00:09:16,690 BENEFITS. 475 00:09:16,690 --> 00:09:18,559 LIKE THE WELLNESS PART, YOU 476 00:09:18,559 --> 00:09:19,459 KNOW, THE 477 00:09:19,459 --> 00:09:20,894 MAMMOGRAMS, THE BLOOD 478 00:09:20,894 --> 00:09:22,162 TESTS, 479 00:09:22,162 --> 00:09:23,197 THE 480 00:09:23,197 --> 00:09:23,564 PHYSICAL. 481 00:09:23,564 --> 00:09:24,965 THEY WERE WORKING THEIR WAY UP 482 00:09:24,965 --> 00:09:26,066 TO IT. 483 00:09:26,066 --> 00:09:27,534 >> THEY ALREADY HAVE 484 00:09:27,534 --> 00:09:28,335 IT, 485 00:09:28,335 --> 00:09:28,769 ACTUALLY. 486 00:09:28,769 --> 00:09:29,703 >> BENCHMARK PLAN IS THE PLAN 487 00:09:29,703 --> 00:09:31,071 THAT'S 488 00:09:31,071 --> 00:09:31,672 SOLD 489 00:09:31,672 --> 00:09:33,874 IS THE ENTREPRENEUR 490 00:09:33,874 --> 00:09:34,374 PLAN AND 491 00:09:34,374 --> 00:09:36,376 SO THE SITUATION 492 00:09:36,376 --> 00:09:36,710 IS 493 00:09:36,710 --> 00:09:38,679 SUCH THAT NOW YOU 494 00:09:38,679 --> 00:09:39,913 HAVE A 495 00:09:39,913 --> 00:09:42,015 SITUATION, IT'S ALMOST 496 00:09:42,015 --> 00:09:43,417 LAUGHABLE, THE INSURANCE 497 00:09:43,417 --> 00:09:44,184 COMPANIES ARE 498 00:09:44,184 --> 00:09:44,885 GOING 499 00:09:44,885 --> 00:09:46,153 GO 500 00:09:46,153 --> 00:09:46,520 INSOLVENT. 501 00:09:46,520 --> 00:09:48,922 THEY BOON THEY'RE 502 00:09:48,922 --> 00:09:49,489 MAKING 503 00:09:49,489 --> 00:09:50,524 BILLIONS OF 504 00:09:50,524 --> 00:09:51,391 DOLLARS. 505 00:09:51,391 --> 00:09:52,125 >> THEY WON'T WEEP FOR THEM BUT 506 00:09:52,125 --> 00:09:53,126 IN THE MEANTIME WHAT ARE YOU 507 00:09:53,126 --> 00:09:54,294 DOING WITH YOUR INSURANCE? 508 00:09:54,294 --> 00:09:55,629 THAT'S THE PROBLEM. 509 00:09:55,629 --> 00:09:56,597 I'M IN A 510 00:09:56,597 --> 00:09:57,431 HOLDING 511 00:09:57,431 --> 00:09:57,798 PATTERN. 512 00:09:57,798 --> 00:09:59,399 I HAVE GOING ON THE 513 00:09:59,399 --> 00:09:59,867 EXCHANGES. 514 00:09:59,867 --> 00:10:01,134 I HAVE TO 515 00:10:01,134 --> 00:10:02,636 WRAP MY 516 00:10:02,636 --> 00:10:05,239 HEAD AROUND 517 00:10:05,239 --> 00:10:06,406 THE $6,000 DEDUCTIBLE AND THAT'S 518 00:10:06,406 --> 00:10:08,408 THE PROBLEM WITH ME. 519 00:10:08,408 --> 00:10:08,642 AGAIN, I 520 00:10:08,642 --> 00:10:09,610 DON'T 521 00:10:09,610 --> 00:10:10,310 THINK THE 522 00:10:10,310 --> 00:10:11,712 PRESIDENT WENT ANYWHERE TO SAY, 523 00:10:11,712 --> 00:10:13,013 KEEP YOUR 524 00:10:13,013 --> 00:10:13,647 PLAN. 525 00:10:13,647 --> 00:10:14,581 I'M 526 00:10:14,581 --> 00:10:16,016 NOT -- APPARENTLY 527 00:10:16,016 --> 00:10:16,817 MY 528 00:10:16,817 --> 00:10:19,720 PLAN 529 00:10:19,720 --> 00:10:20,687 ISN'T GREAT OR IT CAN 530 00:10:20,687 --> 00:10:21,455 BE BETTER. 531 00:10:21,455 --> 00:10:23,690 BUT I'M INTERESTED IN KEEPING MY 532 00:10:23,690 --> 00:10:24,558 PREMIUMS AND 533 00:10:24,558 --> 00:10:25,492 MY 534 00:10:25,492 --> 00:10:25,959 DEDUCTIBLE. 535 00:10:25,959 --> 00:10:29,096 >> HAVE YOU HEARD FROM BLUE 536 00:10:29,096 --> 00:10:29,563 CROSS. 537 00:10:29,563 --> 00:10:30,697 -BLUE SHIELD SAYING YOU CAN HAVE 538 00:10:30,697 --> 00:10:32,332 IT ANOTHER YEAR. 539 00:10:32,332 --> 00:10:33,166 >> NO, FRIDAY 540 00:10:33,166 --> 00:10:34,234 I GOT AN EMAIL 541 00:10:34,234 --> 00:10:37,604 SAYING HANG 542 00:10:37,604 --> 00:10:38,405 ON, WE'VE 543 00:10:38,405 --> 00:10:38,906 ASSISTED 544 00:10:38,906 --> 00:10:39,540 THE PRESIDENT. 545 00:10:39,540 --> 00:10:40,440 WE'LL GET BACK TO YOU. 546 00:10:40,440 --> 00:10:41,742 IN THE MEANTIME WHAT PEOPLE 547 00:10:41,742 --> 00:10:43,076 DON'T UNDERSTAND IS PEOPLE LIKE 548 00:10:43,076 --> 00:10:44,478 ME DON'T 549 00:10:44,478 --> 00:10:44,912 HAVE 550 00:10:44,912 --> 00:10:45,879 A DEADLINE UNTIL 551 00:10:45,879 --> 00:10:46,180 MARCH. 552 00:10:46,180 --> 00:10:47,314 WE HAVE TO DO 553 00:10:47,314 --> 00:10:47,981 DECEMBER 15 TO 554 00:10:47,981 --> 00:10:52,186 HAVE COVERAGE ON JANUARY 1. 555 00:10:52,186 --> 00:10:52,619 AND I'M 556 00:10:52,619 --> 00:10:53,620 NOT 557 00:10:53,620 --> 00:10:54,454 REAL COMFORTABLE 558 00:10:54,454 --> 00:10:57,257 WITH HAVING THIS OUT 559 00:10:57,257 --> 00:10:57,658 THERE. 560 00:10:57,658 --> 00:10:59,159 THERE WAS A CERTAIN PANIC FROM 561 00:10:59,159 --> 00:11:00,594 PLENTY OF PEOPLE WHO HAVE GOTTEN 562 00:11:00,594 --> 00:11:01,228 THESE. 563 00:11:01,228 --> 00:11:02,763 IT LOOKED LIKE A SUBPOENA YOU 564 00:11:02,763 --> 00:11:04,865 GET FROM YOUR 565 00:11:04,865 --> 00:11:05,566 INSURANCE 566 00:11:05,566 --> 00:11:05,999 COMPANY. 567 00:11:05,999 --> 00:11:07,467 >> IMAGINE THAT, IT'S NOT THE 568 00:11:07,467 --> 00:11:08,569 MOST FRIENDLY WRITTEN THING FROM 569 00:11:08,569 --> 00:11:10,304 THE INSURANCE COMPANY. 570 00:11:10,304 --> 00:11:11,138 HERE, THAT'S TRUE. 571 00:11:11,138 --> 00:11:12,973 SO PEOPLE ARE 572 00:11:12,973 --> 00:11:13,807 GETTING SORT OF 573 00:11:13,807 --> 00:11:15,442 THESE SCARRY LETTERS THAT ARE 574 00:11:15,442 --> 00:11:16,376 NOT WRITTEN BY 575 00:11:16,376 --> 00:11:17,177 THE RR 576 00:11:17,177 --> 00:11:17,711 DEPARTMENT 577 00:11:17,711 --> 00:11:18,946 BUT BY SOME ACTUARY OR 578 00:11:18,946 --> 00:11:20,647 A LAWYER, 579 00:11:20,647 --> 00:11:21,048 GOD FORBID. 580 00:11:21,048 --> 00:11:22,349 AND SO IT'S A SCARRY THING. 581 00:11:22,349 --> 00:11:23,450 I THINK, 582 00:11:23,450 --> 00:11:25,185 THOUGH, THAT WHAT -- AS 583 00:11:25,185 --> 00:11:26,486 SOON AS THE WEBSITE 584 00:11:26,486 --> 00:11:27,821 GETS 585 00:11:27,821 --> 00:11:28,956 FIXED -- 586 00:11:28,956 --> 00:11:29,723 >> WHEN WILL THAT 587 00:11:29,723 --> 00:11:30,090 BE? 588 00:11:30,090 --> 00:11:31,825 >> UNTIL MAYBE THE END OF THE 589 00:11:31,825 --> 00:11:32,125 MONTH. 590 00:11:32,125 --> 00:11:33,193 THE OTHER THING, WHEN THESE 591 00:11:33,193 --> 00:11:34,494 INSURANCE COMPANIES WERE INVITED 592 00:11:34,494 --> 00:11:35,729 TO THE WHITE HOUSE -- YOU HAVE 593 00:11:35,729 --> 00:11:36,530 TO 594 00:11:36,530 --> 00:11:37,364 REMEMBER THE LIBERAL DEMOCRAT 595 00:11:37,364 --> 00:11:38,332 IS 596 00:11:38,332 --> 00:11:39,366 INVITING THE INSURANCE 597 00:11:39,366 --> 00:11:40,267 COMPANIES TO THE WHITE HOUSE. 598 00:11:40,267 --> 00:11:41,735 THIS IS THE SECOND TIME IN THE 599 00:11:41,735 --> 00:11:42,236 LAST MONTH. 600 00:11:42,236 --> 00:11:43,504 THEY'RE LOOKING FOR THINGS. 601 00:11:43,504 --> 00:11:45,939 THEY'RE LOOKING 602 00:11:45,939 --> 00:11:46,039 FOR 603 00:11:46,039 --> 00:11:47,174 , PERHAPS, AN 604 00:11:47,174 --> 00:11:48,408 EASE OF MARKETING AND NEED O 605 00:11:48,408 --> 00:11:49,243 F 606 00:11:49,243 --> 00:11:49,576 AIRWAYS. 607 00:11:49,576 --> 00:11:51,411 THEY'RE LOOKING FOR WAYS 608 00:11:51,411 --> 00:11:51,512 T 609 00:11:51,512 --> 00:11:52,446 O 610 00:11:52,446 --> 00:11:53,647 ALLOW, FOR 611 00:11:53,647 --> 00:11:55,949 THE GOVERNMENT 612 00:11:55,949 --> 00:11:56,583 TO 613 00:11:56,583 --> 00:11:57,951 ALLOW THEM 614 00:11:57,951 --> 00:11:58,452 TO 615 00:11:58,452 --> 00:11:59,186 GO TO THEM RATHER 616 00:11:59,186 --> 00:12:00,354 THAN THE WINDOW. 617 00:12:00,354 --> 00:12:04,625 YOU'LL SEE A LOT OF MOVING 618 00:12:04,625 --> 00:12:06,226 PIECES COMING UP 619 00:12:06,226 --> 00:12:06,927 BECAUSE THE 620 00:12:06,927 --> 00:12:08,328 INSURANCE COMING WILL GET 621 00:12:08,328 --> 00:12:09,296 MILLIONS OF DOLLARS IN BUSINESS. 622 00:12:09,296 --> 00:12:10,931 >> ONE WAY OR 623 00:12:10,931 --> 00:12:11,365 ANOTHER. 624 00:12:11,365 --> 00:12:12,533 >> THE ISSUE ABOUT THE INSURANCE 625 00:12:12,533 --> 00:12:13,600 COMPANIES MAKING BILLIONS I 626 00:12:13,600 --> 00:12:14,601 THINK IS A BIT 627 00:12:14,601 --> 00:12:17,070 OF 628 00:12:17,070 --> 00:12:17,504 DISTRACTION. 629 00:12:17,504 --> 00:12:18,939 THE MAIN ISSUE 630 00:12:18,939 --> 00:12:19,406 IS WHAT 631 00:12:19,406 --> 00:12:20,174 IS THE 632 00:12:20,174 --> 00:12:20,474 RISK? 633 00:12:20,474 --> 00:12:21,608 THIS IS A PUBLIC 634 00:12:21,608 --> 00:12:22,910 POLICY, WHAT IS 635 00:12:22,910 --> 00:12:24,144 THE RISK POOL GOING TO LOOKS 636 00:12:24,144 --> 00:12:25,546 LIKE IN THE CHANGES WHEN YOU 637 00:12:25,546 --> 00:12:27,114 HAVE A LOT OF 638 00:12:27,114 --> 00:12:27,848 HEALTHY PEOPLE 639 00:12:27,848 --> 00:12:29,049 EITHER STAYING 640 00:12:29,049 --> 00:12:29,550 BACK WITH 641 00:12:29,550 --> 00:12:30,517 PREVIOUSLY 642 00:12:30,517 --> 00:12:31,418 CANCELED 643 00:12:31,418 --> 00:12:32,853 POLICIES OR 644 00:12:32,853 --> 00:12:36,356 OPTING OUT THE 645 00:12:36,356 --> 00:12:36,757 EXCHANGES? 646 00:12:36,757 --> 00:12:38,225 I THINK LOOKING OUT IN 647 00:12:38,225 --> 00:12:39,426 TERMS 648 00:12:39,426 --> 00:12:39,826 OF 649 00:12:39,826 --> 00:12:40,861 2014, WHAT I'M 650 00:12:40,861 --> 00:12:41,762 LOOKING FOR IS 651 00:12:41,762 --> 00:12:42,996 WHAT'S GOING TO HAPPEN NEXT 652 00:12:42,996 --> 00:12:44,064 OPEN 653 00:12:44,064 --> 00:12:45,165 ENROLLMENT SEASON 654 00:12:45,165 --> 00:12:45,766 WHEN THE 655 00:12:45,766 --> 00:12:47,034 INSURERS HAVE 656 00:12:47,034 --> 00:12:47,868 TO REPRICE THEIR 657 00:12:47,868 --> 00:12:49,670 PLAN AND DECIDE ON THEIR 658 00:12:49,670 --> 00:12:50,103 PREMIUMS THEN? 659 00:12:50,103 --> 00:12:51,638 ARE WE GOING TO 660 00:12:51,638 --> 00:12:52,105 GET A 661 00:12:52,105 --> 00:12:53,140 REALISTICKER SHOCK THEN? 662 00:12:53,140 --> 00:12:55,475 THERE ARE VERY PLAUSIBLE 663 00:12:55,475 --> 00:12:56,510 SCENARIOS IN WHICH 664 00:12:56,510 --> 00:12:58,378 THIS DOES 665 00:12:58,378 --> 00:13:00,113 UNRAVEL 666 00:13:00,113 --> 00:13:00,914 AS 667 00:13:00,914 --> 00:13:01,648 IN AN 668 00:13:01,648 --> 00:13:03,016 ACTUAL VIRAL, 669 00:13:03,016 --> 00:13:04,284 DEATH SPIRAL IN THE INSURANCE 670 00:13:04,284 --> 00:13:04,685 MARKET. 671 00:13:04,685 --> 00:13:05,886 >> WHAT PEOPLE HAVE TO BE AWARE 672 00:13:05,886 --> 00:13:07,254 OF IS WHEN YOU GO 673 00:13:07,254 --> 00:13:07,788 TO 674 00:13:07,788 --> 00:13:08,789 THE 675 00:13:08,789 --> 00:13:10,390 MARKETPLACE AND THERE IS A 676 00:13:10,390 --> 00:13:11,592 PREMIUM, THAT'S NOT NECESSARILY 677 00:13:11,592 --> 00:13:12,893 THE PREMIUM YOU'RE GOING 678 00:13:12,893 --> 00:13:13,794 TO GET. 679 00:13:13,794 --> 00:13:15,295 BECAUSE WHEN YOU GO TO THE 680 00:13:15,295 --> 00:13:16,530 WEBSITE AS 681 00:13:16,530 --> 00:13:16,964 THE 682 00:13:16,964 --> 00:13:17,598 INDIVIDUAL 683 00:13:17,598 --> 00:13:19,166 INSURER, YOU DON'T HAVE TO PUT 684 00:13:19,166 --> 00:13:20,000 IN ANY HEALTH INSURANCE BUT YOU 685 00:13:20,000 --> 00:13:22,569 HAVE TO PUT IN YOUR AGE. 686 00:13:22,569 --> 00:13:23,170 AND I'M 687 00:13:23,170 --> 00:13:24,771 TELLING YOU, AS 688 00:13:24,771 --> 00:13:25,205 A 60 689 00:13:25,205 --> 00:13:26,640 YEAR OLD PERSON WHO CAN'T WAIT 690 00:13:26,640 --> 00:13:28,408 TO GET TO MEDICARE WHICH I NEVER 691 00:13:28,408 --> 00:13:29,776 THOUGHT I WOULD 692 00:13:29,776 --> 00:13:30,177 SAY, 693 00:13:30,177 --> 00:13:31,612 BUT THE 694 00:13:31,612 --> 00:13:32,513 PREMIUMS -- AND THEY PUT 695 00:13:32,513 --> 00:13:32,980 THAT, 696 00:13:32,980 --> 00:13:34,147 THEY SAY IT DEPENDS 697 00:13:34,147 --> 00:13:35,048 WHERE YOU 698 00:13:35,048 --> 00:13:35,349 LIVE. 699 00:13:35,349 --> 00:13:36,416 IT DEPENDS ON YOUR 700 00:13:36,416 --> 00:13:36,984 AGE. 701 00:13:36,984 --> 00:13:38,118 THESE ARE 702 00:13:38,118 --> 00:13:38,819 AN AVERAGE 703 00:13:38,819 --> 00:13:39,386 PRICE. 704 00:13:39,386 --> 00:13:40,320 >> YOU ARE 705 00:13:40,320 --> 00:13:40,854 HEALTHY? 706 00:13:40,854 --> 00:13:42,055 >> AND 707 00:13:42,055 --> 00:13:42,589 I'M -- 708 00:13:42,589 --> 00:13:43,924 >> THAT'S FAR 709 00:13:43,924 --> 00:13:44,391 INTRUSIVE. 710 00:13:44,391 --> 00:13:45,893 >> I'M JUST SAYING IF YOU THINK 711 00:13:45,893 --> 00:13:47,828 YOU'RE GOING TO GET A THING 712 00:13:47,828 --> 00:13:48,095 FOR 713 00:13:48,095 --> 00:13:49,997 31 $1 AND THEN YOU 714 00:13:49,997 --> 00:13:50,898 GO TO 715 00:13:50,898 --> 00:13:51,765 THE 716 00:13:51,765 --> 00:13:52,199 WEBSITE -- 717 00:13:52,199 --> 00:13:53,233 >> THIS WAS A REPUBLICAN BILL. 718 00:13:53,233 --> 00:13:54,434 THERE IS NO FREE LUNCH. 719 00:13:54,434 --> 00:13:55,802 PEOPLE NEED TO UNDERSTAND THAT. 720 00:13:55,802 --> 00:13:56,737 IF YOU 721 00:13:56,737 --> 00:13:58,238 DO NEED ASSISTANCE IN 722 00:13:58,238 --> 00:13:59,339 BUYING A PRIVATE PLAN, YOU'LL 723 00:13:59,339 --> 00:14:00,407 GET A SUBSIDY OR 724 00:14:00,407 --> 00:14:01,241 THERE ARE A LOT 725 00:14:01,241 --> 00:14:02,442 OF PEOPLE OUT 726 00:14:02,442 --> 00:14:03,143 THERE IN ILLINOIS 727 00:14:03,143 --> 00:14:04,611 THAT NEED TO KNOW THAT 728 00:14:04,611 --> 00:14:05,245 THEY WILL 729 00:14:05,245 --> 00:14:09,616 BE ELIGIBLE FOR THE 730 00:14:09,616 --> 00:14:10,350 EXPANDED 731 00:14:10,350 --> 00:14:11,852 MEDICAID PROGRAM AND PEOPLE WILL 732 00:14:11,852 --> 00:14:13,420 GET COVERAGE THAT WAY SO YOU'LL 733 00:14:13,420 --> 00:14:14,888 HAVE A LOT OF PEOPLE SIGNING UP. 734 00:14:14,888 --> 00:14:16,323 I HAVE LISTENED TO A LOT 735 00:14:16,323 --> 00:14:17,457 OF WALL 736 00:14:17,457 --> 00:14:18,659 STREET HEALTH INSURANCE EARNINGS 737 00:14:18,659 --> 00:14:20,494 CALLS AND I THINK THE 738 00:14:20,494 --> 00:14:22,162 INSURANCE 739 00:14:22,162 --> 00:14:22,629 COMPANIES ARE 740 00:14:22,629 --> 00:14:24,565 BRACING FOR SOME 741 00:14:24,565 --> 00:14:25,632 PROBLEMS AS FAR 742 00:14:25,632 --> 00:14:26,967 AS LOSING OR NOT 743 00:14:26,967 --> 00:14:28,268 MAKING AS MUCH MONEY IN THE 744 00:14:28,268 --> 00:14:29,670 FIRST YEAR BECAUSE THEY HAVE 745 00:14:29,670 --> 00:14:30,637 INVEST A LOT, 746 00:14:30,637 --> 00:14:31,705 SPENDING 80% OF 747 00:14:31,705 --> 00:14:33,240 THE PREMIUM ON 748 00:14:33,240 --> 00:14:34,975 MEDICAL CARE AS 749 00:14:34,975 --> 00:14:39,046 OPPOSED TO 20%. 750 00:14:39,046 --> 00:14:39,947 >> YOU THINK THAT 751 00:14:39,947 --> 00:14:41,081 THIS 752 00:14:41,081 --> 00:14:43,483 COULD 753 00:14:43,483 --> 00:14:44,952 UNRAVEL AS ANTHONY LeSASSO 754 00:14:44,952 --> 00:14:45,586 THINKS? 755 00:14:45,586 --> 00:14:46,753 NO, BECAUSE WE 756 00:14:46,753 --> 00:14:47,554 CREATE 757 00:14:47,554 --> 00:14:48,589 ENTITLEMENTS BECAUSE WE NEVER 758 00:14:48,589 --> 00:14:49,656 DRAW BACK 759 00:14:49,656 --> 00:14:51,959 FROM THEM. 760 00:14:51,959 --> 00:14:52,359 THERE'S TOO 761 00:14:52,359 --> 00:14:53,160 MUCH -- 762 00:14:53,160 --> 00:14:54,328 ASIDE FROM 763 00:14:54,328 --> 00:14:55,495 THIS MAJOR HUGE PROBLEM O 764 00:14:55,495 --> 00:14:56,463 N THE 765 00:14:56,463 --> 00:14:58,665 ROLLOUT AND SIGN-UPS, THIS 766 00:14:58,665 --> 00:14:59,867 TOUCHES SO MANY ASPECTS 767 00:14:59,867 --> 00:15:00,601 OF THE 768 00:15:00,601 --> 00:15:01,602 HEALTH INSURANCE INDUSTRY. 769 00:15:01,602 --> 00:15:02,636 WE'RE 770 00:15:02,636 --> 00:15:03,670 TALKING -- EXCUSE ME, 771 00:15:03,670 --> 00:15:04,004 OF 772 00:15:04,004 --> 00:15:05,305 THE HEALTHCARE INDUSTRY WHICH 773 00:15:05,305 --> 00:15:05,572 IS 774 00:15:05,572 --> 00:15:08,509 A 775 00:15:08,509 --> 00:15:08,775 POWERFUL 776 00:15:08,775 --> 00:15:09,309 SOURCE. 777 00:15:09,309 --> 00:15:10,377 WE'RE TALKING 778 00:15:10,377 --> 00:15:11,445 SENIORS GETTING 779 00:15:11,445 --> 00:15:12,379 ALL 780 00:15:12,379 --> 00:15:16,717 SORTS 781 00:15:16,717 --> 00:15:17,017 OF FREE 782 00:15:17,017 --> 00:15:17,718 COOL HON 783 00:15:17,718 --> 00:15:20,487 OSSKOPIES. 784 00:15:20,487 --> 00:15:22,723 WILL BILL NOT E RUN AGAINST 785 00:15:22,723 --> 00:15:23,090 THAT? 786 00:15:23,090 --> 00:15:24,591 >> THERE ARE THREE OTHER 787 00:15:24,591 --> 00:15:25,559 DEMOCRATS DEFECTED 788 00:15:25,559 --> 00:15:28,195 FROM THE 789 00:15:28,195 --> 00:15:29,296 DEMOCRATIC PARTY TO JOIN 790 00:15:29,296 --> 00:15:29,796 THE 791 00:15:29,796 --> 00:15:31,298 REPUBLICANS TO SAY YOU SHOULD 792 00:15:31,298 --> 00:15:32,366 KEEP YOUR HEALTH INSURANCE 793 00:15:32,366 --> 00:15:33,233 ANOTHER YEAR. 794 00:15:33,233 --> 00:15:34,468 IS THAT A 795 00:15:34,468 --> 00:15:35,802 CONSEQUENCE IN THE 796 00:15:35,802 --> 00:15:36,570 MID-TERM ELECTIONS? 797 00:15:36,570 --> 00:15:38,639 >> THAT'S ALL IT 798 00:15:38,639 --> 00:15:39,006 IS. 799 00:15:39,006 --> 00:15:40,507 THAT'S AGAIN WE HAVE TO KIND OF 800 00:15:40,507 --> 00:15:41,475 GET RID OF 801 00:15:41,475 --> 00:15:42,409 ALL THAT POLITICAL 802 00:15:42,409 --> 00:15:44,611 STUFF IN 803 00:15:44,611 --> 00:15:44,978 THE 804 00:15:44,978 --> 00:15:47,781 MIDDLE AND WORK 805 00:15:47,781 --> 00:15:48,215 ON 806 00:15:48,215 --> 00:15:48,882 FIXING THIS. 807 00:15:48,882 --> 00:15:50,050 >> DO YOU BELIEVE IN THE 808 00:15:50,050 --> 00:15:51,552 AFFORDABLE CARE ACT? 809 00:15:51,552 --> 00:15:52,853 >> I THINK GOOD HEALTHCARE FOR 810 00:15:52,853 --> 00:15:54,521 ALL 811 00:15:54,521 --> 00:15:55,689 IS SOMETHING THAT 812 00:15:55,689 --> 00:15:56,423 IS A 813 00:15:56,423 --> 00:15:57,057 WONDERFUL THING. 814 00:15:57,057 --> 00:15:58,225 I'M VERY HAPPY TO SEE M 815 00:15:58,225 --> 00:16:01,195 Y 816 00:16:01,195 --> 00:16:01,662 FRIENDS 817 00:16:01,662 --> 00:16:02,829 WHO COULDN'T GET COVERAGE 818 00:16:02,829 --> 00:16:03,797 ANYWHERE BENEFIT. 819 00:16:03,797 --> 00:16:05,365 >> YOU'RE 820 00:16:05,365 --> 00:16:06,833 A 821 00:16:06,833 --> 00:16:07,201 BELIEVER? 822 00:16:07,201 --> 00:16:08,802 BUT ON THE FIRST 823 00:16:08,802 --> 00:16:09,503 OF 824 00:16:09,503 --> 00:16:10,003 JANUARY, I 825 00:16:10,003 --> 00:16:11,338 CAN'T SEE ANY REASON TO 826 00:16:11,338 --> 00:16:12,539 GIVE 827 00:16:12,539 --> 00:16:13,507 BLUE 828 00:16:13,507 --> 00:16:14,408 CROSS $647 FOR THE SAME 829 00:16:14,408 --> 00:16:15,909 COVERAGE I WAS GETTING 830 00:16:15,909 --> 00:16:16,443 FOR 29 831 00:16:16,443 --> 00:16:19,112 $1. 832 00:16:19,112 --> 00:16:19,947 29 833 00:16:19,947 --> 00:16:20,414 $1. 834 00:16:20,414 --> 00:16:21,882 IT'S NOT THAT THEY'RE DROPPING 835 00:16:21,882 --> 00:16:23,116 ME BUT SAYING, YOU KNOW, 836 00:16:23,116 --> 00:16:24,084 IF YOU 837 00:16:24,084 --> 00:16:25,619 DON'T PICK 838 00:16:25,619 --> 00:16:25,986 ANOTHER 839 00:16:25,986 --> 00:16:26,520 OPTION, 840 00:16:26,520 --> 00:16:28,722 THEY'LL PICK IT FOR YOU AND IT 841 00:16:28,722 --> 00:16:29,923 WILL COST YOU A LOT OF 842 00:16:29,923 --> 00:16:30,557 MONEY. 843 00:16:30,557 --> 00:16:31,425 IT'S NOT THAT AFFORDABLE CARE 844 00:16:31,425 --> 00:16:32,426 ACT, IT'S THE 845 00:16:32,426 --> 00:16:33,493 AVAILABLE CARE 846 00:16:33,493 --> 00:16:33,827 ACT. 847 00:16:33,827 --> 00:16:34,828 >> THIS CONVERSATION, I THINK, 848 00:16:34,828 --> 00:16:35,896 WE'RE GOING TO BE 849 00:16:35,896 --> 00:16:36,897 HAVING FOR 850 00:16:36,897 --> 00:16:37,431 A 851 00:16:37,431 --> 00:16:38,565 LONG TIME GOING FORWARD AND WE 852 00:16:38,565 --> 00:16:39,900 LOOK FORWARD TO SEEING ALL THREE 853 00:16:39,900 --> 00:16:41,735 OF YOU BACK. 854 00:16:41,735 --> 00:16:41,902 NEW TO M 855 00:16:41,902 --> 00:16:43,971 Y GUESTS. 856 00:16:43,971 --> 00:16:45,739 >> THANK YOU. 857 00:16:45,739 --> 00:16:46,106 >> WE CONTINUE 858 00:16:46,106 --> 00:16:46,807 IN 859 00:16:46,807 --> 00:16:47,741 A MOMENT, 860 00:16:47,741 --> 00:16:51,741 PLEASE STAY WITH US.