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Pelosi Defends Obamacare Waivers

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    House minority leader says most companies exempt from new law are 'very small'

  • Duration 4:21
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All the Obama health care law was supposed to revolutionize the American health system.

But about 18100 companies have been granted waivers exempting them.

From parts of the president's overhaul.

House Speaker Nancy Pelosi saying quote.

I couldn't speak to all 18100 of them but some of the list that I have seen.

Have been very very small companies they will not have a big impact on the economy of our country.

-- little does not a small company and they've got a waiver among others and doctor Marc Siegel is joining us he's with the Fox News.

Medical eighteen thank you for joining us -- -- in -- so 18100 got these waivers specifically exempting them from Obama cares requirement that they provide a certain amount of health insurance to their employees.

Is it.

Proper for the government to impose a law on the public in general and then.

Exempt companies of their choosing from having to follow that -- of.

Course not if the -- always working you would need 18100 companies -- waivers and you wouldn't need the Obama administration now having to political -- of those where Amber's going forward.

Because there's been so much of an outlook outcry about the you know the problem is that premiums have been this or the way on the table with the waivers ought.

The waivers -- granted.

To businesses because they aren't able to make the -- -- what's called the annual limit -- obamacare starting in 2014 is gonna have no and annual limit.

No limit on how much you can pay out right now the limit is one point 25 million -- plan.

But some small businesses and large businesses can't afford that because premiums rise when you get rid of the annual limit in other words if you -- -- -- any amount -- money.

No matter what the cost and many of the diseases that I treat -- very expensive.

I mean cancer extra incredibly expensive heart disease very expensive if you go beyond that limit.

The insurance is -- gonna have to -- premiums to compensate for that.

Nancy Pelosi is way I don't want even talking about this when you consider.

-- the most recent waivers 20% of -- went to our district in San Francisco a restaurant called the stinking rose yeah I think this whole.

Things well yeah -- but yet you're talking about the daily caller did a report back in May of bug the month before in April and they found that in not one month.

Too many percent of the -- they -- light went to one.

District in California and -- -- policies districts so there's also the question of that are these waivers going out.

Two is it is their favorite democratic.

Districts unions are getting a lot of -- the waivers.

Small businesses with special interest actually small businesses -- in the right word to use with most of the waivers to go to businesses with less than 500 employees.

But not less than fifty employees most of them are large businesses that are current favorite and they had these mini med policies we're basically employees are not well covered.

But the question is if you're gonna mandate this comprehensive insurance and as I've talked about on the show many times it covers everything every doctor visit know -- no deductible.

Enormously expensive and then you don't put an annual limit on top of it.

It's so expensive that premiums are gonna -- it's gonna bust the bank.

And the year you mentioned that's not -- small businesses we mentioned McDonald's.

In the intro 18100 companies got these waivers more one of them but as you mentioned they stopped.

Granting waivers last month that they had to US set a deadline but the fact that so many companies wanted them.

A sign that you say that these companies truly feared that their business will be damage or even destroyed by this.

There's no question about it you know they're all looking forward to the time when.

They're gonna be paying the penalty and dumping employees -- the state exchanges but in the meantime they're stuck with this idea that they've got to pay out more.

And they can afford even states -- -- or are actually -- with his Tennessee Florida New York.

New Jersey Ohio -- states which can't make that high -- -- limit on amount they pay out every year there's no there's been no reckoning when Obama -- came out.

They said.

It's gonna cover you know.

You get to keep your insurance that you have bent.

It'll be comprehensive but they didn't understand that it's gonna cost a ton of money skyrocketing premiums the same problem we saw in Massachusetts we're seeing nationwide.

And it's interesting the point that you made that there are many states that have also applied for this waiver because states of course are also employers.

And we've had several states applying for the waivers as well as all of these thousands of businesses so.

Interesting development doctor marks the lawyers know working -- well.

Who writes a thank you so much for joining us of the fox medical A team -- at that --

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