place not to be is in the white house to explain what's up with a lot of care and here to try to explain to us is James Pretta with a week standard James thanks a lot your time you're welcome by the weekend so can you explain in plain English what is exactly present for those today uh... well I'm planning with a little bit of a good shot uh... we have a of an hour you know somebody to tell me to be revealed to be in the back here but he appears to have announced that anyone who was enrolled in a individual in general policy uh... as of the end of 2013 would be allowed to say in a policy and by doing would essentially satisfy the individual management requirement uh...
uh... uh... of a lot of your campaign to have uh... insurance twenty fourteen they would have to go into the old out here to plan there being already exchange is a family actually non-compliant land there today in the twenty thirteen into our state they say twenty fourteen and say no problem over ensures would be allowed to offer those people uh...
through twenty fourteen uh... just people who are enrolled in plan to plan twenty thirteen so if I want to plan but I didn't have it I can't have it but I currently have the plan now I can't basically yes now that only course uh... assuming the insure allowed to be reopening offer but it was a potential point to go on here is that you know that he is now on the hook for the moment of the bus uh... people of the political back into the injured real in their plan to take a look at the available the library to the very little people to be able to be able to play a lot of people get back into the twenty fourteen uh...
but here's my question uh... the people I know for example here in Massachusetts they already lost their coverage that plan doesn't exist anymore is there any realistic way that you can go back and retool the plans that you've been here in a half or so to just come to kill and bring them back and have a big enough since with the other weapons you have on the board of care well i think that they have to have a lot of their plan on really the plan terminated you know over one number one and no longer in force but a bad that the story of the four five and we bring about the complete lors there's a lot of the term plan today they're going to have a separate first so not like they're determined to know about it right now still on those plans for another forty five days question is that in a time for an injury group allowed to go to the rowing send a new letter tell them to know the same as the people you can say on the flight in the twenty fourteen here's the premium you can't do that uh... our course i rate the notion that they have to rework all system now in forty five period but reality of the day the half the other holding uh... they don't have much to have all certainly a lot of these are going to have to be planned to be both of the people have the place to go literally so the net result is going to be I think in time.
So I call my show something and say, I'm going to plan. My show something does say, well, they say, well, I'm sorry, we've done it. We've done different math. We can't let you have the old plan because all the other plans we've offered other people on the ACA is that a shift of blame in the burden onto the insurance companies or will people still perceive the reason or the best in the first place is because of present law?
There's no doubt that President and often today is in part intended to hit blame for the insurance company. No question about it. And I know the intern does re understand that and they're right about it. But you know, politics is what it is.
And some of my things that I'm quite loved because they've been able to process the get to the point of the degree. And this is a key value for American people. My hope is that they're likely to be open to plans. So they will be important to have a revital individual in their department.
They're waiting for Obamacare crashes. The you mentioned Obamacare crashing. That's what I'm going to ask you about. So the number of these are probably able to let young healthy people with low service low cost insurance plans that they want get them back.
All those people then don't pay into the exchanges. They also don't pay the, excuse me, fine, the tax. Sorry, I don't offend the chief of the farmers. So pay the tax.
So that's where anyone too ends that that the farm can have what happens then to the changes are full of sick or older, ex-morts, and people. Well, that could be the case all the matter. What right? They're hoping and hoping up until today they have four people in the middle of the things.
They figured out the functional system or LPA huge tax. They don't comply. That was just a political suicide message. I mean, they knew they had to do something.
So this, yes, will provide the case valve for a lot of people not going to Obamacare. And that will make sure, you know, we'll lead to a much, much more or a ripple that tilt much for high cost cases than they're open for. So who ends up paying? I mean, is President Obama going to dip into the Treasury and that would be good money into the changes in the insurance companies have money they need to.
Well, they have a total risk of court or in return system that they're counting on to bail out insurance or paying out claims with very few premiums. Undoubtedly, that going to be kind of focused now in the next few months because the insurance industry is already saying the amount of money on the table of your losses in your one are not decision. And I think that's what it could be. Let's say they reopening the plan to everybody say that the exchanges, except for the very sick, then your situation where the insurance has already lost their pay out all they can.
There's not a not money cover the significant losses that you're allowed. I think you're going to go back to the way out that they got only up the money somehow cover a lot of the uh, the level of the thing that people remember do you think from the professor today? No, I'm not going to present comments about games and this is a fumble. Is that what's going to resonate?
The political part was going to be this policy decision and the impact is going to have on Obamacare in the next one months. I think the the biggest impact will likely be the policy decision. That depending on how it's played down there, since the last month or two years, I do think that a good number of people will end up paying out the insurance exchange and staying there to go back for another year. That would have perhaps been fortunate to be exchanges and that's a big development because of the upwards of right now we've already fortified many other people that were finding people that are in the exchanges.
I mean, they're critiquing inflation orders and several million more will receive them over the next couple of months. One last question for you. The uh, the Republican response to this should be what? I think they could proceed with the up and bill in the house.
The up and bill is sponsored by Chairman Fred up in the Energy Commerce Committee. His provision that essentially codified this type of approach for interest in continuing to plan through 2014, but doesn't in a way to allow the market to remain viable beyond 2014 by allowing new interest in that system too. So the up and bill is a way of saying, look, we need to, you can't just have a close group of people that will lead to wind a lot of individual interest. You need new interest as well.
So that's the viable product. And so they have down to table now. I think they should go down the house. I think that is, you know, proceed to head with that plan.
I might get to the Democrats in some way, probably focus on things themselves. And they can still see even in the Senate some legislation moving to codify and make clear what exactly people's right to art. If you can keep your health plan on noting. James, Fred, thanks so much for your time.
We really, really appreciate it. Thank you so much.