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The coming cost of health care reform

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    Jim Angle reports from Washington

  • Duration 2:38
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Do you will start to feel -- -- of the president's signature legislative achievement right where it hurts the most in your wallet.

The chief national correspondent Jim Angle tells us in some ways the administration is actually losing ground on instituting Health Care Reform.

Obama care passed more than two years ago starts unfolding this January with the new taxes to help cover the cost.

Then new exchanges are supposed to be ready in October -- thirteen.

Analysts however say the federal government is way behind.

There wasn't a lot of flawed -- given to Obama care by a single entity making sure that all the pieces fit together.

There was put together by bunch of special interest and that's why you get this Rube Goldberg contraption.

Just this week the administration finally laid out what it called essential -- something insurance companies must have to structure and price their health care plans.

The administration is pressing his luck though because insurance companies normally need more time than the few months left.

If they're gonna stand this up in eleven months they are pretty close to the wire having run out of time to do it play typically takes anywhere from a year to a year and a half four.

An insurance company to develop.

New policies get them approved by regulators and develop all -- materials needed.

Two seldom tend to consumers.

Many other parts of the new law however have not been completed in addition requirements on insurers businesses -- a certain -- have to have what is called.

Adequate coverage.

In order to avoid strong.

The IRS has not defined.

What constitutes.

Adequate employer coverage.

And -- language in the legislation.

Is ambiguous.

I think they could -- this regulations and eleven months.

-- These are complicated.

But there is a lot of cooperation that's going on it's a doable task.

Creating brand new statewide insurance exchanges also requires enormous coordination.

To accomplish that the government is supposed to create a new computer network so everyone can be on the same page.

The exchanges have to have electronic software and the federal government has to prove that software and is still hasn't done so so.

So we don't even have the software ready to do what's supposed to be done and exchange.

There are also some holes in the law even some conflicting passages are less controversial law congress might try to fix a few things but with -- one house in Republican hands and the other controlled by Democrats.

That would be a hopeless task.

-- Thank you --

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