Young people, companies to bear burden of ObamaCare?
New report on health care costs
- Duration 5:42
- Date Feb 19, 2013
New report on health care costs
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So is the realities of Obama -- start to -- again that young people it turns out.
Will end up seeing the biggest -- -- in what they have to pay to get coverage.
President Obama of course got a lot of support from these younger voters on this because it was so popular that folks could stay on their parents' plan.
Until the age of 26 because they have is -- -- you know after college and they would be covered but then after that year passes when they turn 27.
They're finding out -- they're gonna have to either buy their own insurance or they might have to pay a fine.
To make up for the lower prices that are paid by older people so that burden goes to the younger folks to pay for some of the older people in our.
Population and what about for companies.
Because right now -- cost more than 5600.
Dollars to cover an employee.
That's a stark reality for a lot of companies the penalty for not covering them.
Is 2000 dollars -- you do the math and you think about how companies are gonna make those decisions.
In the very near future and that's how it shapes up joining joining me now.
Former new -- senator out the motto Fox News contributor senator welcome good to have him there with him.
C got this to reality -- you have what the young people are learning about this and then what the companies -- learning about what.
What they were promised his -- this utopian thing he'll -- -- going to go down well now they find.
Companies -- things aren't hiring them because they've got to assume this course or pay a penalty they don't want to pay a penalty.
You going to -- the employment rates for these younger people's when he shakes and all that.
They haven't skyrocket now what rates have were also not up 25% more all the ratios young people have to -- -- And show some of them just aren't paying and so Lil bit and need that companies that don't pay to get fine 2000 dollars what happens.
Hum the premium -- others who -- paying flew out particularly young people are going higher and higher shelf.
Obama care as it relates to young people in particular.
And -- I would tell you most people up private insurance they're going to see the rates continued to increase and you know something.
The -- thing -- he's no help in the future this plan just gets worse and worse as more of these young people -- -- great.
Into that -- each year and older category.
It is a catastrophe and -- I mean that they basically covering everybody and all of the promises that were put out there are extremely expensive -- -- that that's the reality.
If you're gonna -- the cover people who have preexisting conditions if you're gonna cover.
Kids 126 at all has a cost.
But did the administration.
You know I would continue to say look down the road.
This is going to lower costs we may -- there's some some bumps in the initial phases but they believe that down the road it will lower process there are -- -- reality of the situation flies in the face of what they're saying.
It was a vision issues are being charged more insurance companies are raising Irish have crossed aboard the young people are trapped in this situation.
And I have to tell you the administration exacerbate changed because they're hurting the working middle class families there and the ones who really get her.
And the more they push some of these other sanctions for example raising the minimum wage -- what do you think's gonna take place.
The very people the small business entrepreneur who -- who he says are wealthy who employed people and not going to be able to hire these young people.
You victim number one.
Would increase coalesced to -- -- and number -- you then raise that minimum and some of these people not only won't pay higher.
But they're going to be laying people off in a position is not a logical is not.
Did you -- -- at -- there's two tracks of the way both sides are understanding reality.
I mean you know could you listen to the president and he says look we're starting to see the economy coming back.
Lot of economist -- say the same thing you know that housing market is picking up a little bit.
So when that does happen you're gonna see increased tax revenues coming -- and they firmly believe that that's -- offset the the things that you're talking.
And that housing market is enthusiast you're sure more people are buying houses because they're so low.
As it relates to and the rates for building know has has gone up because you what it is just starting out at such a low low point.
That this housing -- situation is going to be with -- for at least another six to eight years before it comes back.
To where we work that's the reality of it and then again -- on helping the middle -- where are you helping them.
Do you think if you raise somebody's salary to nine dollars that's helping the middle class I don't see how it is.
Can -- exist and would you shape let's -- you make ten dollars an hour at forty hours -- that's 100 dollars a week that's -- middle class.
Initially and not helping the placing minimum wage job go to you know kids today are better people and a lot of companies have said that they just won't do that they won't hire younger people -- they and they can't they can't afford to tell you -- a -- for.
Yet you have the movie yet heard a young people in not helping the middle class you you placed a greater -- with -- obamacare.
Which -- and by the way.
Obamacare is creating immense distortions in the market -- going to -- hospitals.
That's my prediction by droves of -- was closing down there just not going to be able to make it.
-- -- -- -- -- -- -- How they did not as if -- is it they -- it by the way it should be up -- there his political rhetoric is fabulous.
But if you look behind.
The numbers and examine -- you'll find it's not reality senators -- not always a pleasure to have you with us good thank you very much sir.